Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of July 26, 2007 No. 633

About dividends on the state blocks of shares and the income on the state shares in the organizations

(The last edition from 12-09-2019)

According to article 186 of the Law of the Republic of Kazakhstan of March 1, 2011 "About state-owned property" the Government of the Republic of Kazakhstan DECIDES:

1. Determine that:

1) joint-stock companies - the national holdings specified in appendix 1 to this resolution perform charge of share dividends according to the decision of the state body representing the interests of the state as the shareholder, taking into account recommendations of specialized councils on questions of the public corporate management under the Government of the Republic of Kazakhstan (in case of their availability);

1-1) joint-stock companies "National welfare fund "Samruk-Kazyna" perform charge of share dividends according to the decision of the Government of the Republic of Kazakhstan;

1-2) joint-stock companies "National managing holding "Kazagro" perform charge of share dividends according to the decision of the state body representing the interests of the state as the shareholder, in the amount of at least 10 (ten) percent from net income;

1-3) joint-stock companies "National managing holding "Bayterek" which hundred percent of shares is in republican property direct to dividend payout on the state block of shares 5 (five) percent from net income following the results of 2018 - 2021;

1-4) Fund of the Problem Credits joint-stock companies which hundred percent of shares is in republican property direct to dividend payout on the state block of shares of 0,1 (zero whole the one tenth) percent from net income following the results of 2016;

2) joint-stock companies - the national companies specified in appendix 2 to this resolution perform charge of share dividends according to the decision of the state body representing the interests of the state as the shareholder, according to the mid-term plans of development approved by the Government of the Republic of Kazakhstan;

2-1) joint-stock company "Sanatorium of Almaty, hundred percent of shares which is in state-owned property are exempted from dividend payout on the state block of shares following the results of 2008-2010;

3) the joint-stock companies with participation of the state in the authorized capital specified in appendix 3 to this resolution following the results of 2007 direct to dividend payout on the state block of shares 50 (fifty) percent from net income, since 2008 direct to dividend payout on the state block of shares 15 (fifteen) percent from net income;

3-1) joint-stock Financial center company which hundred percent of shares is in republican property performing issue of guarantees on the educational credits providing execution in cash are exempted from dividend payout on the state block of shares following the results of 2010 - 2020;

3-2) joint-stock "Railway Hospital of Medicine of Catastrophic Crashes" company which hundred percent of shares is in republican property following the results of 2011 - 2014 direct to dividend payout on the state block of shares 15 (fifteen) percent from net income;

3-3) joint-stock International Airport Astana company which hundred percent of shares is in republican property following the results of 2013 - 2022 direct to dividend payout on the state block of shares 5 (five) percent from net income;

3-4) joint-stock "Kazakhstan Center of Upgrade and Development of Housing and Communal Services" company which hundred percent of shares is in republican property following the results of 2016 - 2018 direct to dividend payout on the state block of shares 5 (five) percent from net income;

3-5) joint-stock "Kazakh Research and Design Institute of Construction and Architecture" company which hundred percent of shares is in republican property following the results of 2016 - 2018 direct to dividend payout on the state block of shares 5 (five) percent from net income;

3-6) joint-stock company "The Astana EXPO-2017 national company which hundred percent of shares are in republican property following the results of 2017 directs to dividend payout on the state block of shares 6 (six) percent from net income;

4) the "Kazakh Agrotechnical University of Saken Seyfullin" joint-stock company which hundred percent of shares is in state-owned property performing educational activities, is exempted from dividend payout on the state block of shares following the results of 2010 - 2012;

4-1) joint-stock Kazagroinnovation company which hundred percent of shares is in state-owned property the performing carrying out research and development works in the field of agro-industrial complex, are exempted from dividend payout on the state block of shares following the results of 2010 - 2011;

5) the joint-stock companies and limited liability partnerships with participation of the state in the authorized capital specified in appendix 3-2 to this resolution direct to dividend payout on the state block of shares and parts of net income on the state share 5 (five) percent from net income.

1-1. In accordance with the established procedure to provide to medical control center of cases of the President of the Republic of Kazakhstan (in coordination) the direction of net income, joint-stock company being at the command "Sanatorium of Almaty, on development of its material and technical resources.

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