| Kazakh Sovereign Wealth Fund Samruk-Kazyna joint-stock company plans to reduce the number of companies as part of the transformation program, chairman of board Umirzak Shukeyev said at the company’s transformation forum with participation of Kazakh President Nursultan Nazarbayev Oct. 6.
"In general, we plan to reduce the number of the fund’s companies twofold in the next three years from 600 to 300 and the number of management hierarchy levels from nine to four," he said. “Previously, the fund realized a number of initiatives in the direction of transformations,” he said. “In particular, the operating costs reduced by 128 billion tenge by introducing a single treasury function, e-procurement, non-core assets and implementing a new policy - investment and dividend policy.”..............................................Full Article: Source
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