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Nazarbayev charged government to prepare memorandum of principles of activity of Fund Samruk - Kazyna

Almaty. October 14. Kazakhstan Today - The President of the state, Nursultan Nazarbayev, signed the decree on measures of maintenance of competitiveness and stability of the national economy. He charged the government to prepare in fortnight term the memorandum of the main principles of activity of Fund of National Welfare Samruk - Kazyna, the agency reports referring to official mass media. The President of Kazakhstan charged to create JSC Company Fund of National Welfare Samruk - Kazyna by merge of JSC Company Kazakhstan Holding for Management of State Assets Samruk and JSC Company Fund of Steady Development Kazyna. In fortnight term, from the date of signing of the decree (October 13, 2008), the government should provide the list of JSC Companies, state share holdings of which will be transferred to the authorized capital of the fund. $5 billion will be directed for capitalization of the new structure. Kayrat Kelimbetov has been appointed the chairman of the board of the fund.

Resourse: Kazakhstan Today

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