President ordered to develop program of "Samruk-Kazyna" transformation until September

Date: 03:16, 24-04-2014.

Astana. April 24. KazTAG - Kazakhstani President Nursultan Nazarbayev met Umirzak Shukeyev, chairman of "Samruk-Kazyna" Sovereign Welfare Fund, Akorda reports.

"The President ordered to finish development of the fund transformation program until September, discuss it in all the corporate bodies of the fund and present to the Government for consideration," reads the message.

The President also emphasized that upcoming sale of small and medium companies of the fund must be transparent and have fair market price.

Shukeyev reported about the process of the program transformation, including changes of the policy of corporate center management and business of affiliated companies.

He informed about the plan on withdrawal of more than 200 companies from the fund's structure and participation of KEGOC company in the "people's IPO" program which will offer 10% of its shares.

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