Owner of SAT & Company JCS joined the shareholders of APF "Republic" JCS
17.01.12 16:15
/IRBIS, January 17, 2012/ - New shareholder joined the
shareholders of Accumulative Pension Fund "Republic" - Kenes
Rakishev, reports the press service of the Fund.
As stated, in the beginning of 2012 assets of APF "Republic" were
purchased by a major investor of the domestic economy - Kenes
Rakishev, who owns industrial holding company "SAT &
Company".
"Since September 2011 shareholders' equity of APF "Republic"
was increased to 500 million tenge. In late 2011, the shareholders
held on additional capitalization of 640 million tenge, which is
allowed to continue the implementation of the objectives of the
Fund and its investors", - was stated in the message.
At the same time, it was pointed out that JSC "APF "Republic"
closed Y2011 with excellent investment activities, adhering to
conservative management strategy designed to preserve
retirement savings of depositors.
"Nominal income ratio of the Fund for 48 months was 34.1% (as
of 01/01/12.) Quality investment portfolio allows you to save a
minimum proportion of risk-weighted assets - 37.61% against
medium-term 46.16% (on 1/12/11). Gain of pension assets for
2011 amounted to 20%, for the pension market, this indicator was
15%", - was stated in the message.
"In 2012, the pension market will enter a new phase of
development in the light of legislative changes in the
implementation of multiportfolio and other requirements for
operating and investing activities. We have now completed the
strategic planning of the Fund's medium-term period and
ascertain sufficient operating capacity of the Fund for further work
on the market. In this case, considering the potential of JSC "APF
"Republic", we also consider the possibility of absorption of other
pension funds by the Fund's strategy of qualitative growth. Also in
2012 we plan to get listed on the Kazakhstan Stock Exchange", -
said the Chairman of the Board of APF "Republic" Damir
Khaibullin.
JSC "SAT & Company" - a company with a widely diversified
business structure, represented in the real economy. It consists of
more than 30 companies in mining, steel, petroleum and other
sectors. The volume of the market capitalization of the investment
company is 576 million U.S. dollars.
[2012-01-17]