OREANDA-NEWS. January 24, 2012. New shareholder joined the shareholders of Accumulative Pension Fund "Republic" – Kenes Rakishev, reports the press service of the Fund, reported the press-centre of KASE.

As stated, in the beginning of 2012 assets of APF "Republic" were purchased by a major investor of the domestic economy – Kenes Rakishev, who owns industrial holding company "SAT & Company".
 
"Since September 2011 shareholders' equity of APF "Republic" was increased to 500 million tenge. In late 2011, the shareholders held on additional capitalization of 640 million tenge, which is allowed to continue the implementation of the objectives of the Fund and its investors", - was stated in the message.

At the same time, it was pointed out that JSC "APF "Republic" closed Y2011 with excellent investment activities, adhering to conservative management strategy designed to preserve retirement savings of depositors.

"Nominal income ratio of the Fund for 48 months was 34.1% (as of 01/01/12.) Quality investment portfolio allows you to save a minimum proportion of risk-weighted assets - 37.61% against medium-term 46.16% (on 1/12/11). Gain of pension assets for 2011 amounted to 20%, for the pension market, this indicator was 15%", - was stated in the message.

"In 2012, the pension market will enter a new phase of development in the light of legislative changes in the implementation of multiportfolio and other requirements for operating and investing activities. We have now completed the strategic planning of the Fund's medium-term period and ascertain sufficient operating capacity of the Fund for further work on the market. In this case, considering the potential of JSC "APF "Republic", we also consider the possibility of absorption of other pension funds by the Fund's strategy of qualitative growth. Also in 2012 we plan to get listed on the Kazakhstan Stock Exchange", - said the Chairman of the Board of APF "Republic" Damir Khaibullin.

JSC "SAT & Company" - a company with a widely diversified business structure, represented in the real economy. It consists of more than 30 companies in mining, steel, petroleum and other sectors. The volume of the market capitalization of the investment company is 576 million U.S. dollars.