Government • 02 March, 2020

Baiterek National Management Holding optimizes its structure

3 timeviewed

At the board meeting of Baiterek National Management Holding JSC chaired by Prime Minister Askar Mamin, decisions to reorganize two subsidiaries and issue a sixth bond program were made, reports.

As part of the implementation of the task set in the Address of the President Kassym-Jomart Tokayev dated Sep. 2, 2019, to reduce the number of housing program operators, the board of directors decided to merge its subsidiaries – Baiterek Development JSC and Kazakhstan Mortgage JSC. By the end of this year, it is also planned to join the Housing Guaranteeing Fund JSC as part of the Single Housing Operator.

During the meeting, it was decided to launch the sixth bond program to ensure the effective implementation of state housing policy.

The board approved the placement of 8 million ordinary shares of the Holding to increase the authorized capital of DBK-Leasing JSC by 8 billion tenge in order to finance engineering development projects.

The meeting participants approved the risk report of Baiterek NMH JSC for the IV quarter of 2019. For the indicated period, the target level and limits were not violated at the Holding’s risk. The volume of available financial resources increased from 571 to 595 billion tenge, mainly due to an increase in equity capital of Baiterek NMH JSC. For other types of risks, significant changes were not recorded; risks were assessed to be average.

The meeting also considered the report of the internal audit service for the IV quarter of 2019, the results of the implementation of the Action Plan for Improving Corporate Governance of Baiterek NMH JSC for 2019-2020 according to the results of 2019 and other issues.

Last news

Kazakhstan coronavirus cases reach 135

Coronavirus • 27 March, 2020

Uzbekistan records first coronavirus death

Coronavirus • 27 March, 2020

Kazakhstan Covid-19 cases pass 100

Coronavirus • 26 March, 2020

Dimash praises medical workers

Coronavirus • 26 March, 2020

Kazakh, Chinese President speak over phone

President • 26 March, 2020

Kazakhstan coronavirus cases reach 88

Kazakhstan • 26 March, 2020

Kazakh, Russian Presidents speak over phone

President • 20 March, 2020

2 magnitude earthquake hits Almaty

Kazakhstan • 20 March, 2020

Kazakhstan coronavirus cases reach 49

Coronavirus • 20 March, 2020

7 new cases reported in Kazakhstan, overall 44

Coronavirus • 19 March, 2020

Number of confirmed global cases passes 200,000

Coronavirus • 18 March, 2020

Kazakhstan reports 1 new case, making total 36

Coronavirus • 18 March, 2020

Kazakh, Uzbek Presidents speak over phone

President • 18 March, 2020

Kazakh President supports medical workers

President • 18 March, 2020

70% of employees to work from home

Society • 18 March, 2020

Kyrgyzstan registered first case of coronavirus

Coronavirus • 18 March, 2020

Kazakhstan coronavirus cases reach 35

Coronavirus • 18 March, 2020

Similar news