Samruk-Kazyna officially known as the National Welfare Fund "Samruk-Kazyna", is a joint stock company

Joint stock company

A joint-stock company is a type of corporation or partnership involving two or more individuals that own shares of stock in the company...

 in Kazakhstan

Kazakhstan

Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...

 which owns, either in whole or in part, many important companies in the country, including the national rail and postal

Kazpost

Kazpost is the national postal service of Kazakhstan.-Postal:Kazpost provides wide range of the following postal services including:• Transmission and delivery of letters, wrappers and parcels...

 service, the state oil and gas company KazMunayGas

KazMunayGas

KazMunayGas is the state-owned oil and gas company of Kazakhstan. It was founded in 2002 by merging Kazakhoil and Oil and Gas Transportation.-Subsidiaries:Main subsidiaries of KazMunayGas are:...

, the state uranium company Kazatomprom

Kazatomprom

Kazatomprom is a state-owned nuclear holding company in Kazakhstan, which operates in the field of Uranium and nuclear fuel cycle services, production of Beryllium, Tantalum and Niobium, and power production...

, Air Astana

Air Astana

Air Astana is the flag carrier and the national airline of Kazakhstan with its head office in Almaty. It is the national carrier of Kazakhstan and operates scheduled domestic and international services. Its main bases are Astana International Airport and Almaty International Airport...

, and numerous financial groups. The state is the sole shareholder of the fund. It was created in October 2008 with the merger of two funds, "Samruk" and "Kazyna", by decree of the president of Kazakhstan, Nursultan Nazarbayev

Nursultan Nazarbayev

Nursultan Abishuly Nazarbayev has served as the President of Kazakhstan since the nation received its independence in 1991, after the fall of the Soviet Union...

. Timur Askarovich Kulibayev is the Chief Executive Officer and Chairman of the Management Board. Samruk-Kazyna controls $78 billion in assets, or nearly 56% of GDP.

Organizations owned by Samruk-Kazyna

The following is a partial list of organizations partly or wholly owned by the Samruk-Kazyna fund. The percentage of shares controlled by the fund is indicated in brackets.

• AES-Ekibastuz
  Ekibastuz GRES-1
  Ekibastuz GRES-1 is a 4,000 MW coal-fired thermal power station at Ekibastusz, Kazakhstan. It has two tall chimneys. As of June 2010, the Ekibastuz GRES-1 power station was the largest power station in Kazakhstan, and generated 13% of the nation's electricity.- History :Most of the units...
  
   (50%)
• Air Astana
  Air Astana
  Air Astana is the flag carrier and the national airline of Kazakhstan with its head office in Almaty. It is the national carrier of Kazakhstan and operates scheduled domestic and international services. Its main bases are Astana International Airport and Almaty International Airport...
  
   (51%)
• Aktobe Airport
  Aktobe Airport
  Aktobe Airport is an airport in Kazakhstan located 4 km south of Aktobe. It has a small terminal with five airliner parking spots. It has serviced the Ilyushin Il-86.-Airlines and destinations:...
  
   (100%)
• Astana Finance (26%)
• Kazakhstan Development Bank (100%)
• Kazakhstan Electricity Grid Operating Company
  KEGOC
  The Kazakhstan Electricity Grid Operating Company is a national transmission grid operator of Kazakhstan. It was established according to Government Resolution of 28 September 1996 on 11 July 1997. All shares of KEGOC are hold by the state-owned holding company Samruk-Kazyna....
  
   (100%)
• Kazakhstan Mortgage Company (91%)
• Kazakhstan Temir Zholy
  Qazaqstan Temir Zholy
  Kazakhstan Temir Zholy , also National Company Kazakhstan Temir Zholy, is the national railway company of Kazakhstan.-Organization:...
  
   (100%)
• KazakhTelecom
  KazakhTelecom
  - Shareholders :* 51,00 % - AO Samruk-Kazyna JSC - fund of national wealth * 16,90 % - Bodam B.V. * 14,60 % - Bank of New York* 9,60 % - Deran Services Limited* 3,00 % - Optimus Ltd* 0.70 % - shares traded on KASE...
  
   (45.9%)
• Kazatomprom
  Kazatomprom
  Kazatomprom is a state-owned nuclear holding company in Kazakhstan, which operates in the field of Uranium and nuclear fuel cycle services, production of Beryllium, Tantalum and Niobium, and power production...
  
   (100%)
• Kazmortransflot (50%)
• KazMunayGas
  KazMunayGas
  KazMunayGas is the state-owned oil and gas company of Kazakhstan. It was founded in 2002 by merging Kazakhoil and Oil and Gas Transportation.-Subsidiaries:Main subsidiaries of KazMunayGas are:...
  
   (100%)
• Kazpost
  Kazpost
  Kazpost is the national postal service of Kazakhstan.-Postal:Kazpost provides wide range of the following postal services including:• Transmission and delivery of letters, wrappers and parcels...
  
   (100%)
• Kazyna Capital Management (100%)
• Maikainzoloto (100%)
• National Innovation Fund (100%)
• Pavlodar Airport
  Pavlodar Airport
  Pavlodar Airport is an airport in Kazakhstan located 14 km southeast of Pavlodar. Services medium-sized airliners.-History:Until 1999 The airport was part of Irtysh Avia airline...
  
  (100%)
• Samruk-Energo (93.42%)
• SK-Pharmaceuticals (100%)