On 30 May 2018 by the resolution of the Management Board of National Managing Holding “Baiterek” JSC Ardak Makhmuduly Kassymbek was elected as the Chairman of the Management Board of Kazyna Capital Management JSC.
Kazyna Capital Management (KCM) made a complete exit from the project for production of baby disposable diapers (Sachiko-Olzha Products LLP) totaling KZT 1.2 bln. with over KZT 300 mln. investment income.
CITIC Kazyna Investment Fund (Kazakhstan-Chinese private equity fund), a subsidiary of Kazyna Capital Management (KCM) successfully exited the Arctic Green Energy project through the sale of its stake for USD 30 mln.
Circa 60 projects obtained investment from KCM’s Funds. All of them are focused on the non-oil and gas sector, 27% in the energy sector, 22% in the manufacturing sector, 21% in transport and logistics, 18% in other non-oil and gas sectors.
Kazakhstan Infrastructure Fund, a subsidiary of Kazyna Capital Management decided to finance the construction of circa 25 thousand sqm modern warehouse premises totaling about $9 mln. ($8.7 mln.).
Young inventors from the Nazarbayev University constructed an embedded electric drive for standard mechanical wheelchairs.