Kazakh Prime Minister held session of Samruk-Kazyna Board of Directors

TANA. November 2. KAZINFORM Kazakh Prime Minister Karim Massimov has held a regular meeting of the Board of Directors of Samruk-Kazyna National Welfare Fund.

Deputy CEO of the Fund Kuandyk Bishimbayev informed of the progress of implementation of the People's IPO Program; Kazinform has learnt from www.pm.kz

Bishimbayev said that the Fund developed and submitted for the Government's consideration a package of proposals aimed at improving the legal framework, which is necessary for carrying out the People's IPO. The amendments are planned to be introduced in a number of legislative acts including the sectorial legislation, the laws "On the National Welfare Fund" and "On joint stock companies".

In addition, the Board discussed the development of a new edition of the Law "On the National Welfare Fund". In accordance with the document, the Fund' new strategy will be business-oriented and approved by the Government for a decade. The draft law is expected to be submitted for the Government's consideration in the near future.