Board of directors of state holding Samruk headed by leader of administration of the head of state

/INTRERFAX-KAZAKHSTAN, Astana, July 3, 06/ - The chairman of council of directors of Kazakhstan holding on state assets management Samruk JSC was elected the leader of the president's administration of Kazakhstan, Adilbek Jaksybekov. Jaksybekov A. is elected the head of council of directors specified by JSC in its first sitting on Monday in Astana, Interfax-Kazakhstan was informed by administration of the president of the republic. Along with it in the sitting, as Khabar state news channel informed in the evening, internal documents of state holding had been approved. In addition, the participants of meeting were considering a range of questions concerning indicators of efficiency of national companies and strategic tendencies of development. "Main task of holding is maximization of long-term values of national companies with state share by way of modernization of corporate management. Realization of main principles of activity will be implemented by way of holding active participation in development of companies", - Jaksybekov A. noted, speaking in the meeting of council of directors of holding Samruk. As it has been informed, decree on creation of Kazakhstan holding on state assets management Samruk JSC was signed by the president of Kazakhstan, Nursultan Nazarbaev at the end of January this year. In April the government determined the membership of council of directors of state holding Samruk. According to governmental enactment, vice-minister of economy and budget planning, Bolat Palymbetov, vice-minister of finance, Askar Yelemesov, executive director of Kazakhstan holding on state assets management Samruk JSC, Sauat Mynbaev (by coordination), independent director of this JSC, Alexander Pavlov (by coordination) were included in the membership of council of directors. Pavlov А. is ex-vice prime, ex-minister of finance, at present, heads council of directors of commercial Halyk bank of Kazakhstan. The government entrusted Ministry of economy and budget planning in cooperation with committee of state property and privatization of the Ministry of Finance with election of council of directors of joint-stock company Kazakhstan holding on state assets management Samruk with established procedure in the given membership, enactment noted. Besides, pursuant to enactment the government entrusted with proposing for election the second candidate for an office of independent director of this JSC within a month. At present, holding Samruk was passed for management state shares of 5 national companies of Kazakhstan temir zholy, KazMunayGas, KEGOS, on management of electric networks, Kazpost and Kazakhtelecom. State owns 50% plus one share of Kazakhtelecom JSC, and as regards Kazpost, KEGOC, KazMunayGas and KTZh - they are completely state companies. It is expected that state shares of other companies of the republic will be passed to the structure of holding [2006-07-04]