The meeting of the Board of Directors of “Baiterek” Holding was held in the Government of the Republic of Kazakhstan

A regular in-person meeting of the Board of Directors of “National Managing Holding “Baiterek” JSC under the chairmanship of the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev was held in Ukimet Uyi.

During the meeting, a report on the effective application of funds was reviewed, and reports of the internal audit and risk management services of “National Managing Holding “Baiterek” JSC for the third quarter of 2018 were heard.

The participants of the meeting made a decision to conclude agreements for the purpose of leasing financing for the renovation of the passenger carriages fleet of “NC “Kazakhstan Temir Zholy” JSC by the Holding. In addition, the dividend policy of the Holding was preliminarily approved and submitted for consideration by the Sole Shareholder of “NMH “Baiterek” JSC.

The Work Plan of the Board of Directors of “NMH “Baiterek” for 2019 was approved as a result of the meeting.

CommitteeforPlanningandAssessment 

The Committee develops a unified position for representatives of the Holding on financial and economic activities in the agencies of subsidiary organizations, including when approving development plans, ensuring timely and high-quality approvals and disbursement of the Holding’s annual budget.

Committee for Assets and Liability Management 

The Committee develops recommendations for improving the efficiency of the Holding’s and its subsidiary organizations’ assets and liabilities management in order to achieve the principles of assets and liabilities diversification, risks optimization and financial sustainability ensuring.

Investment Committee 

The Committee contributes to the efficiency improvement, as well as formation of the Holding’s and its subsidiary organizations’ uniform policy on the investment activities of the Holding and its subsidiary organizations.

CommitteeforStrategyandCorporateDevelopment 

The Committee increases efficiency of the Development Strategy implementation, improves the corporate governance system and analytical support, as well as ensures sustainable development in the Holding’s and its subsidiary organizations’ activities.