Samruk-Kazyna Construction JSC (hereinafter – the Company) was established in pursuance of Resolution of the Government of the Republic of Kazakhstan No.265 On certain measures to resolve the problems in the real estate market dated 6 March 2009. In accordance with the amendments and alterations to the Company’s Articles of Association approved by the resolution of Sovereign Wealth Fund Samruk-Kazyna JSC (hereinafter referred to as SamrukKazyna JSC, the Sole Shareholder, the Fund), the main goal of the Company’s activities is to promote the development of housing construction in the Republic of Kazakhstan.
The Fund is theSole Shareholder of theCompany. The Fund is a commercial structure – an investment holding whose mission is to increase the national welfare of the Republic of Kazakhstan and ensure long-term sustainability for future generations.
The mission of Samruk-Kazyna JSC is to improve the national welfare of the Republic of Kazakhstan and ensure long-term sustainability for future generations.
According to theStrategic Plan of Development of the Republic of Kazakhstan until 2025, the Fund intends to transform from the role of a performer of the government initiatives and programs to the role of an investment company. This goal implies the active management of the Fund’s investment portfolio providing investment returns and developing a portfolio at the level of leading sovereign wealth funds.