BAKU, Azerbaijan, August 27. Kazakhstan's
Samruk-Kazyna Sovereign Wealth Fund generated 12.5 trillion tenge
(about $27.24 billion) in revenue in January-July 2026, exceeding
the plan by 5%, Chairman of the Board Nurlan Zhakupov said at a
meeting of the Fund's Board of Directors chaired by Prime Minister
Olzhas Bektenov.
This is reported by the press service of the Kazakh
government.
According to Zhakupov, EBITDA exceeded 3.4 trillion tenge ($7.41
billion), or 7% above the plan, while net profit amounted to more
than 1.2 trillion tenge ($2.62 billion), exceeding the plan by
4%.
As part of measures to support domestic producers and develop
local manufacturing through procurement by the Fund's group
companies, contracts worth 694 billion tenge ($1.51 billion) have
been concluded since the beginning of the year, up 32% compared
with the same period in 2025.
More than 16 measures to support domestic producers are
currently in place in public procurement, including priority for
Kazakh goods, long-term contracts, mandatory advance payments of
30%, and accelerated payments.
During January-July 2026, off-take contracts worth 52.8 billion
tenge ($115.1 million) were signed. In science and innovation, the
portfolio of research and development projects comprises 55
projects worth 13.9 billion tenge ($30.3 million), seven of which
have been completed.
Bektenov instructed the Fund to ensure the timely implementation
of investment projects and further improve procurement procedures
across the group.
Dollar equivalents are calculated at the exchange rate of 1 USD
= 458.87 tenge.
