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The 5th Business Forum of Conference on Interaction and Confidence Building Measures in Asia (CICA), 10-11 of November 2016, Astana, Kazakhstan

Closure of a major transaction by JSC "Entrepreneurship Development Fund "Damu" through concluding of a loan agreement with JSC "NMH "Baiterek" in the amount of 50.0 billion tenge

March 13, 2015 6:03 pm

Hereby JSC "Entrepreneurship Development Fund "Damu" (hereinafter - the Fund), taking into account the requirements of paragraph 1) of Article 70 of the Law of the Republic of Kazakhstan "On Joint Stock Companies", in order to inform creditors and shareholders of the Fund announce that on 03/10/2015 the Board of Directors of the Fund decided on the closure of a major transaction - the loan agreement in the amount of 50.0 billion tenge with JSC "NMH "Baiterek".

These funds are intended to finance small and medium-sized enterprises in the manufacturing sector by conditional placement of funds in banks identified by the State Commission on the Issues of the Modernization of the Economy of the Republic of Kazakhstan.