IDF JSC Management Board

“The purpose of the activities of the Budget Commission (hereinafter referred to as the BC) is to ensure timely and high-quality medium-term and current planning in the Company, develop recommendations and proposals for clarifying and executing the development plan and budget of the Company, making decisions within the competence established in Appendix 5 to the Regulations on Committees and commissions of the Management Board of Industrial Development Fund JSC."

BC Composition:

BC Chairman: Deputy Chairman of the Management Board overseeing financial matters;

BC Members:

• Managing Director - Adi Galymzhan Adiuly;
• Head of Staff Office;
• Director of Accounting Department - Chief Accountant;
• Director of Corporate Finance Department;
• Head of Legal Expertise Department No. 2.

The purpose of the Investment Committee (hereinafter - IC) is to manage the investment portfolio of the Society, as well as to develop recommendations and proposals on asset and liability management of the Society and to make decisions within the competence established in Appendix 2 to the Regulations on the Committees and Commissions of the Board of Industrial Development Fund JSC.

IC Composition:

IC Chairman: Deputy Chairman of the Management Board overseeing financial matters;

IC Members:

• Deputy Chairman of the Management Board overseeing risk management block;
• Managing Director overseeing Project Directorates No. 3, No. 4, No. 6;
• Director of Treasury Department;
• Director of Financial and Operational Risks Department;
• Director of Project Analysis Department;
• Head of Legal Expertise Department No. 2.

Composition of authorized persons entitled to substitute IC members with voting rights in case an IC member is on leave, business trip, or temporary disability:

“The purpose of the Credit Committee is to implement the Company's policy on conducting leasing and lending activities of the Company and making decisions within the competence established in Appendix 1 to the Regulations on Committees and Commissions of the Management Board of Industrial Development Fund JSC".

Credit Committee Composition:

Credit Committee Chairman: Managing Director overseeing risk management matters;

Credit Committee Members:

• Director of Accounting Department - Chief Accountant;
• Director of Technical Expertise and Monitoring Department;
• Director of Problem Assets Management Department;
• Director of Legal Department;
• Managing Director overseeing Regional Project Directorate, Project Directorates No. 1, No. 2, No. 5.

Composition of authorized persons entitled to substitute Credit Committee members with voting rights in case a Credit Committee member is on leave, business trip, or temporary disability:

The purpose of the HR Issues Commission is to develop recommendations, proposals, and make decisions on the management and development of the Society's human resources within the competence established in Appendix 3 to the Regulations on the Committees and Commissions of the Board of Industrial Development Fund JSC.

HRC Composition:

HRC Chairman: Deputy Chairman of the Management Board overseeing legal support matters;

HRC Members:

• Head of Staff Office;
• Head of Security Service;
• Director of Valuation Department;
• Director of Human Resources Management Department;
• Head of Legal Expertise Department No. 1