Holding company Timur Kulibayev JSC «Joint Resources» earned 39.2 billion tenge in 2023. Meanwhile, in 2022, the holding's losses amounted to 127.6 billion tenge.
According to bes.media, the assets of the company owned by the ex-president Nazarbayev's son-in-law increased by 13.9% and totalled 406 billion tenge.
«As of December 31, 2023 and December 31, 2022, the sole shareholder of the company is Timur Kulibayev. 100% of the shares of JSC «Joint Resources» have been transferred to the trust management of LLP «Premier Management», the sole participant of which is Rakhmet Khairullayev», the statement says.
According to the report published on the KASE, as of December 31, 2023, the holding had stakes in the following companies:
- 100% in JSC «Kaspiy Neft». Engaged in the development of the multi-zone oil and gas field Airankol in the Zhylyoi district of the Atyrau region;
- 67% in JSC «Shubarkol Premium». A company involved in the exploration, extraction, sale and purchase of coal products, and the operation of mining facilities;
- 51% in JSC «Crystal Management». Engaged in the production and sale of electricity to power supply enterprises;
- 51% in LLP «Exploration Production Crystal Management». Provides other individual services;
- 51% in LLP «GTES-Akshabulak». The company is engaged in the operation of a gas turbine power plant, production and sale of electricity, and the operation of electrical networks and substations;
- 50% in LLP «Premier Development Company». A holding company that owns 100% of the charter capital of LLP «Maikuben-West», which mines brown coal at the Shoptikol deposit;
- 35% in LLP «Kazakhstan's mineral resource investment company». A holding company owning 80% of the share capital of JSC «Kundybai Mining», which designs and operates mining facilities;
- 25% in LLP «KVK-Petroleum». Owns 50% in JSC «Turgai-Petroleum», whose main activity is oil development and extraction. The company is the sole operator of the northern part of the Kumkol oil field;
- 17.5% in LLP «Cento Group»;
- 0.01% in LLP «Akbulak Su». The main type of activity is the collection, treatment and distribution of water.
Recall that earlier it became known that the company LLP «Joint Technologies» was fined twice for a total amount of more than 2 billion tenge.