The Sole Shareholder of 'Damu' Entrepreneurship Development Fund JSC is 'Baiterek' National Managing Holding JSC.
'Baiterek' National Managing Holding JSC was established in 2013. The main task is to manage the shares of national development institutes, national companies and other legal entities that belong to the Holding by right of ownership. The Holding was created in order to optimize the management system of development institutions, financial organizations, and the development of the national economy by Decree of the President of the Republic of Kazakhstan dated May 22, 2013 No. 571. At the end of 2014, the Holding united 11 subsidiaries under its leadership.
One of the main tasks of the ‘Baiterek’ Holding is to ensure the effective and corresponding functioning of the ‘Baiterek’ Holding’s group of companies.
The mission of 'Baiterek' NMH' JSC is to support the sustainable economic development of the Republic of Kazakhstan in order to implement public policies and achieve goals set by the 2050 Strategy.
A key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures the implementation of the tasks for the sustainable development of the economy of Kazakhstan through its diversification, support for innovation, export development, and increased labor productivity.
While supporting large-scale enterprises, 'Development Bank of Kazakhstan' JSC, 'KazakhExport' Export Insurance Company' JSC, 'Kazyna Capital Management' JSC, ‘Kazakhstan Project Preparation Fund' LLP and the 'Investment Fund of Kazakhstan' JSC provide the support tools such as debt and equity financing, insurance of export operations, lease financing and consulting for projects structuring and administration, including those being implemented under the PPP mechanism.'
'Damu' Fund provides enterprises with three support tools: interest rates subsidizing, loans guaranteeing and conditional investment of funds in second-tier banks.