Ministry of Finance submited to the government a project of resolution with a list of companies whose part of government shares are to be offered on the RFCA Special floor this year

/INTERFAX-KAZAKHSTAN, Astana, September 5, 07/ - Kazakhstan Ministry of Finance prepared a project of government resolution in which a list of companies, whose part of government shares are to be offered on the Special trading floor of the regional financial center of Almaty (RFCA) this year. is determined, the minister of Finance, Natalia Korzhova informed. "We submitted to the government a project of resolution which contains a determined list of companies who are a part of "National IPO" on RFCA, the volume of shares to be placed by them, and the terms of floatation. The securities will be sold by state companies that belong to Samruk state holding and to the Kazyna fund, and to Kazagro, and to Samgau holding", - she said in the interview to journalists during the break of round table with the participation of government members and business representatives, on Wednesday in Astana. "Today, population invests their money in real estate, in land. At the same time, people would like to improve their financial situation through purchases of securities very much. Therefore, shares of those companies will be old only to population and to pension funds", - N. Korzhova added. According to her, at present time, pension funds of the country have accumulated "huge capital but their portfolio, unfortunately, leaves much to be desired." "Government can make its contribution in the development of Stick Exchange only through selling state stakes on Stick Exchange. If those shares are attractive for pension funds, they will be able to acquire them", - the minister noticed thereupon. As it was announced at the beginning of September of this year, the president of Kazakhstan, Nursultan Nazarbayev declared the necessity of offering a part of state stakes in big domestic enterprises on RFCA floor already this year. [2007-09-05]