Comprehensive Privatization Plan for 2021–2025

Comprehensive Privatization Plan for 2021–2025

1. General information:

The Comprehensive Privatization Plan for 2021–2025 (hereinafter – the Privatization Plan), approved by the Republic of Kazakhstan Government Decree #908 “On Certain Issues of Privatization for 2021–2025” dated December 29, 2020, is a follow-up to the Comprehensive Privatization Plan for 2016–2020, which is the key element in the transformation of Kazakhstan’s economic strategy.

2. The current status of Baiterek Holding’s assets privatization process:

In accordance with the Privatization Plan, the Investment Fund of Kazakhstan JSC has been included in the list of companies of Baiterek NMH JSC (hereinafter referred to as the Holding) intended for transfer to the competitive environment on a priority basis.

Company

Status

Investment Fund of Kazakhstan JSC

in progress


3. Information on Investment Fund of Kazakhstan JSC:

The Investment Fund of Kazakhstan JSC (hereinafter referred to as the Fund) aims at ensuring the return of public funds previously invested in production projects.

The Fund’s mission is to contribute to the sustainable development of Kazakhstan by improving troubled projects.

Based on the mission and the development plan, the Fund will focus its attention on the following strategic courses:


Strategic course

Strategic objectives

1.

Repaying the debts on distressed projects

Filing lawsuits

2.

Working with distressed assets

Restructuring

Attracting domestic and foreign strategic investors

Stressed asset management

                                                                      

Link to the website: http://www.ifk.kz/

4. Legal acts:

Link to the Republic of Kazakhstan Government Decree #908 dated December 29, 2020: http://adilet.zan.kz/rus/docs/P2000000908

5. Statement of responsibility:

Information posted on the Holding’s website is not recurrent and refers exclusively to the Holding’s activities. All information and data posted on the website are for informational purposes only and are not a public offer, unless otherwise indicated.

The website's terms of use apply to all users. By visiting the website (by using the resources and texts), a user confirms his/her agreement with the terms of use in full without any exceptions and restrictions.

The Holding has a right to change any information posted on the website at any time without prior notice to users, including the website’s terms of use and information about the services provided by the Holding.

Users bear all risks of negative consequences as a result of using the recommendations, opinions and statements posted on the website. The Holding neither guarantee nor confirm the accuracy and reliability of the recommendations, opinions and statements posted on the website. The Holding is not responsible for any losses directly or indirectly caused by the use of information posted on the website. The Holding is not responsible for losses resulting from the use or inability to use the services provided by the Holding, even if a user was warned about the possibility of such losses.

Users have a right to copy documents and texts published on the website only for personal use. Users don’t have a right to pass them to third parties or use them for commercial purposes.

By copying any texts from the website, users agree to respect copyright laws and provide links to the original source, the date of publication (if it is indicated on the website), and indicate the date when the copied information was used.

Links to goods and services of third parties are posted on the website for informational purposes only and do not imply that the Holding supports, controls or recommends them.

Users have a right to follow links to any information resources posted on the website. Baiterek Holding posts links to other Internet resources only for the convenience of users. However, the Holding does not monitor the content of such resources and therefore does not bear any responsibility for the accuracy and relevance of any information posted on these websites.

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