Sovereign Wealth Fund "Samruk-Kazyna" held working meeting on financial stability issues

/IRBIS, October 28, 2011/ - Sovereign Wealth Fun "Samruk- Kazyna" held a workshop on financial stability, said October 27 press office of the Fund. As reported, the Chairman of the Board Timur Kulibayev held a workshop on financial sustainability of the largest companies in the group of Fund. On the meeting the financial performance of companies "KazMunayGas", "Kazatomprom", "Kazakhstan Temir Joly", "Samruk-Energy" and "KEGOC" was reviewed. Particular attention was paid to policy loans, sold subsidiaries, financial risk management, floatation of temporarily free funds in banks. It is reported that Kulibayev entrusted management of the Fund's leverage corporate governance procedures in order to effectively monitor the financial activities of large companies and for this purpose to develop each of these action plans to improve financial stability. He also gave instructions to further examine the policy of companies in the insurance industry. "Given the impending purchase in the coming months the campaign, the Head of the Foundation commissioned to organize a "hot line" for the expeditious consideration of applications and complaints of potential suppliers for irregularities in the tender for procurement of goods and services", - was stated in the message. [2011-10-28]