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.
The Holding has been owning the following subsidiaries:
Development Bank of Kazakhstan JSC, JSC Export Insurance Company "KazakhExport", «Qazaqstan Investment Corporation» JSC provide support to large enterprises in the form of debt and equity financing, insurance of export operations, leasing financing, and providing support to non-resource exporters.
Damu Entrepreneurship Development Fund JSC provides support for small and medium-sized businesses by subsidizing the interest rate, guaranteeing loans, and concessional financing through banks.
Otbasy Bank JSC and Kazakhstan Housing Company JSC are focused on increasing the financial affordability of housing by developing financing, mortgages, subsidies, and rental housing.
The Agrarian Credit Corporation JSC contributes to the sustainable development of the agro-industrial complex by financing large, medium-sized and small businesses in rural areas. The KazAgroFinance JSC, which provides high-quality and competitive leasing services, supplies technical equipment to the country's agro-industrial enterprises.
It is planned to reduce the number of portfolio companies to 7 and adjust the number of employees.