The Government of the Republic of Kazakhstan is the Sole Shareholder of the Joint Stock Company “National Managing Holding “Baiterek”.

The composition of the Board of Directors of the Holding is formed from the members of the Government of the Republic of Kazakhstan, the Chairman of the Management Board, independent directors and other individuals.

The Management Board includes the Chairman of the Management Board, his deputies and other persons.


Corporate Structure
National Management Holding “Baiterek” JSC
The number of employees as of 01.01.2021 is 2679 units.

Corporate secretary service
Board of Directors
Internal audit service
Chairman of the Board
A centralized service for control over procurement
Government secrets protection service
Managing Director
Compliance service
Deputy Charman of the Board
Managing Director– Member of the Management
Managing Director
Press Service
Deputy Charman of the Board
Managing Director– Member of the Management
Managing Director
Secretariat
The first deputy CEO
Managing Director– Member of the Management
Managing Director
Human Resource Management Department
Chief of Stuff
Department for Agricultural Assets Management
Asset management department
Department for Housing and Construction Assets Management
Department of project Finance and Investor Relations
Department of Strategy and Analytics
Corporate finance department
Department for Project Monitoring
Legal support department
Department for Risk Management
Operating activities department
Department of economy and budjet planning
Accounting and reporting department
Information technology department
Treasury department
Document support service

Subsidiaries
of the holding

Since June 2021, Baiterek Holding has been owning the following subsidiaries:

Development Bank of Kazakhstan JSC, JSC Export Insurance Company "KazakhExport", JSC Kazyna Capital Management and  Investment Fund of Kazakhstan JSC provide support to large enterprises in the form of debt and equity financing, insurance of export operations, leasing financing, and providing support to non-resource exporters.

Damu Entrepreneurship Development Fund JSC provides support for small and medium-sized businesses by subsidizing the interest rate, guaranteeing loans, and placing funds in second-tier banks.

Otbasy Bank JSC and Kazakhstan Housing Company JSC  are focused on increasing the financial affordability of housing by developing financing, mortgages, subsidies, and rental housing.

Agrarian Credit Corporation JSC contributes to the sustainable development of the country's agro-industrial complex (AIC). KazAgroFinance JSC provides the agro-industrial complex with technical equipment and high-quality and competitive leasing services. Fund for Financial Support of Agriculture JSC finances small businesses in order to develop priority areas of the agro-industrial complex and increase the level of employment.

Since June 2021, Kazakhstan Project Preparation Fund LLP (provides consulting support to projects, including those implemented through the PPP mechanism) and QazTech Ventures JSC (contributes to the development of technological entrepreneurship through venture financing, business incubation, and technological consulting) were transferred to Kazyna Capital Management JSC as separate funds.

It is planned to reduce the number of portfolio companies to 7 and adjust the number of employees.

“Kazyna Capital Management” JSC
The “Housing Construction Savings Bank of Kazakhstan” JSC
"Fund for financial support of agriculture" JSC
 "Аgrarian credit Corporation" JSC
"KazAgroFinance" JSC
 “Damu” Entrepreneurship Development Fund” JSC
the “Investment Fund of Kazakhstan” JSC
“Kazakhstan Housing Company” JSC
“KazakhExport” Export Insurance Company” JSC
the “Development Bank of Kazakhstan” JSC
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