Kazyna Capital Management JSC and Eurasian Development Bank in the framework of long-term mutually beneficial partnership signed a cooperation agreement. It is aimed at implementing projects in priority sectors of economy of the Republic of Kazakhstan such as energy, engineering, infrastructure, industry and others. The document was signed by Chairman of the Board of KKM, Ardak Kassymbek and Deputy Chairman of the Management Board of the EDB, Amangeldy Issenov.
"The agreement allows potential and current projects of the EDB and KKM to obtain additional funding in the capital, including in the national currency, which will greatly improve the conditions of implementation of projects," – said Ardak kassymbek, based on the successful experience of several projects within the framework of existing agreements on co-investing with other large investors, including, in particular, Mubadala (UAE).
KKM and the EDB noted that the cooperation involves not only the financing of specific investment projects, but also the exchange of experience and knowledge through participation in educational, informational and other events organized by the parties.
Kazyna Capital Management JSC (KKM) - a Fund of private equity funds, created in 2007 to promote the sustainable development of the national economy. Funds to the family of KKM provides capital to companies in various sectors of the economy to further growth and competitiveness. Kazyna Capital Management, jointly with international institutional investors effectively manages 13 private equity funds, which total market capitalization is 2.4 bln. dollars. USA. KKM is included into structure of Baiterek National Managing Holding JSC.
Eurasian Development Bank (EDB) is an international financial organization established by Russia and Kazakhstan in January 2006 to facilitate the development of market economy of the member-states, their sustainable economic growth and expansion mutual trading-economic relations. The EDB's authorized capital is 7 bln.dollars. USA. The member-states of the Bank are the Republic of Armenia, Republic of Belarus, Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan.
Press-service of Kazyna Capital Management JSC
Tel: (+7 7172) 554 222 (ext. 120)
The press-center of the EDB
Savelyev Alexander, +7 (985) 765 23 59, Gorbachev Sergey, +7 (916) 727 22 00 (Moscow)
Sapargalieva Azima, +7 (777) 750 00 08 (Almaty)