The New Head of Damu Entrepreneurship Development Fund JSC Has Been Elected

By the Decision of the Sole Shareholder represented by “Baiterek” National Managing Holding” JSC, Buribayeva Gaukhar Assylbekovna has been elected as the Chairman of the Board and a member of the Board of Directors of Damu Entrepreneurship Development Fund JSC (Damu Fund) since April 29 of this year.

Gaukhar Buribayeva graduated from Kazakh State Law University (Law), Gumilyov Eurasian National University (Finance), The London College UCK (Master's Degree in Business Management).

Gaukhar Assylbekovna started her career in 2003 as a manager at GreenIntegrated LogisticsCo.LTD South Korean Transport Company.

At various times, she worked at Food Contract Corporation JSC of the Ministry of Agriculture of the Republic of Kazakhstan, Development Bank of Kazakhstan JSC, Samruk-Kazyna Invest LLP, Alliance Bank JSC, National Transport Logistics Development Center JSC (now KTZh Express JSC), a branch of KTZh NC JSC.

During the period from August 2013 to March 2017 she was the Vice President for Financial and Economic Issues of a subordinate organization of the Presidential Affairs Department of the Republic of Kazakhstan.

During the period from March 2017 to June 2018, she worked as the Director of the Administrative Department, Managing Director at Damu Fund.

Since June 2018, she served as the Deputy Chairman of the Board at Damu Fund.

It should be recalled that Sarkulov Abai Serikovich who headed Damu Fund earlier was elected as the Chairman of the Board of Development Bank of Kazakhstan JSC by the decision of the Board of “Baiterek” NMH” JSC.

Reference:

“Baiterek” National Managing Holding” JSC was established in accordance with the Decree of the President of the Republic of Kazakhstan dated May 22, 2013. The key institution of the Government of the Republic of Kazakhstan that complies with the advanced standards of corporate governance and ensures the implementation of the objectives for the sustainable development of the economy of Kazakhstan through its diversification, support for innovation, export development, increase in labor productivity. The Holding includes: Development Bank of Kazakhstan JSC, Investment Fund of Kazakhstan JSC, Zhilstroisberbank of Kazakhstan (HCSBK) JSC, Kazakhstan Mortgage Company MO JSC, KazakhExport EIC JSC, Damu EDF JSC, QazTech Ventures JSC, Housing Construction Guarantee Fund JSC, Kazyna Capital Management JSC, Baiterek Development JSC, Kazakhstan Project Preparation Fund LLP.

“Damu” Entrepreneurship Development Fund JSC was established based on the Decree of the Government of the Republic of Kazakhstan dated April 26, 1997. The mission of the Fund is an active role in the sustainable development of micro, small and medium-sized businesses in Kazakhstan through the implementation of comprehensive and effective support tools. Branches of Damu Fund function in all the regions of Kazakhstan, having considerable experience of collaboration with local entrepreneurs, public organizations and local executive authorities.