The Meeting of the Board of Directors of “Investment Fund of Kazakhstan” JSC was held

The Board of Directors of “Investment Fund of Kazakhstan” JSC, under the chairmanship of the Deputy Chairman of the Board of JSC “Baiterek” NMH Anuar Omarkhodzhaev considered a number of issues.

The annual audit plan of the Internal Audit Service for 2018 and the Audit Areas Map of “Investment Fund of Kazakhstan” JSC for 2018 were considered during the meeting, as well as the term of office of the Internal Audit Service and Corporate Secretary of “Investment Fund of Kazakhstan” JSC

The participants of the Meeting approved the Report on the implementation of the Development Plan of “Investment Fund of Kazakhstan” JSC and the Report on risks of “Investment Fund of Kazakhstan” JSC for the 3rd quarter of 2017.

The Board of Directors considered the Report of the Management Board of “Investment Fund of Kazakhstan” JSC on the implementation of decisions upon the transactions of legal entities (major transactions, interested party transactions, share (interests in the authorized capital) acquisition and/or disposal transactions, debt restructuring, establishment of subsidiaries, etc.) taken in 2016 by the Board of Directors of “Investment Fund of Kazakhstan” JSC.

“Investment Fund of Kazakhstan” JSC is a national development institute and a managing company in the field of restructuring and managing stressful assets. The Fund is a subsidiary of “Baiterek” National Management Holding” JSC.