KEY EVENTS
OF 2024

In 2024, the Fund attracted investments totaling 694,256,836 thousand tenge, including an increase in authorized capital by 23,500,000 thousand tenge

Net profit for 2024 amounted to 38,652,908 thousand tenge.

The international rating agency Moody's Investors Service upgraded the Fund's long-term ratings from “Ba1” to “Baa3” with a “positive” outlook.

The first Sustainability Report for 2023 was released, providing insights into the Fund's sustainability initiatives, ESG achievements, and overall progress

The international rating agency Sustainable Fitch assigned the Fund one of the highest ESG ratings in the Republic of Kazakhstan—a rating of “2” with a total score of 63

In 2024, the Fund was included in PricewaterhouseCoopers Kazakhstan's “Top 50 Best Kazakhstani Companies in ESG Information Disclosure” ranking

The debut issuance of social bonds on the AIX platform was successfully placed.

Additionally, in 2024, an additional regional repre sentative office of the Fund was opened in Aktau. As of December 31, 2024, the Fund operates regional representative offices in five regions of Kazakhstan.

GENERAL INFORMATION ABOUT THE FUND

People are the main value

Social responsibility

FUND VALUES

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Alignment with the objectives of the state industrial and innovation policy of the Republic of Kazakhstan.

Transparency and objectivity in disclosing information about its activities.

A client-centric approach.

Profit-neutrality in operations.

Minimization of sanction-related risks in the geopolitical environment

To improve national prosperity through the development of the industrial sector and infra structure.

A development financial institution fostering sustainable growth in the industrial sector and infrastructure, while promoting the development of the leasing market, including through funding private leasing companies.

Self-development, health, and safety of employ ees are the Fund's top priorities. The Fund ensures healthy and competitive working conditions to enable employees to achieve their best results.

High level of preparation for professional tasks.

Cooperation within the Fund and with its partners, customers, and employees based on trust and transparency

Collaboration to achieve better results through joint efforts.

The Fund strives to achieve maximum results with optimal use of resources

Acknowledging responsibility for the impact of the Fund's activities on public stakeholders.

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The strategy serves as a guiding framework, built on the following principles:

Alignment with national strategic priorities – The strategy is in line with key state documents, including:
- The Address of the Head of State to the People of Kazakhstan (September 1, 2023), "The Economic Course of a Fair Kazakhstan"
- The Concept for the Development of the Manufacturing Industry for 2023–2029, approved by Government Resolution No. 846 (December 20, 2018), as amended by Resolution No. 259 (March 28, 2023)
- The Comprehensive Plan for the Development of the Mechanical Engineering Industry of Kazakhstan for 2024–2028, approved by Government Resolution No. 991 (November 7, 2023)
- The Forecast of Socio-Economic Development of Kazakhstan for 2024–2028, approved at the Govern ment meeting (August 29, 2023, Protocol No. 29)
- Government Resolution No. 521 (August 18, 2020) "On the Establishment of the Industrial Develop ment Fund"- The Law on Industrial Policy of the Republic of Kazakhstan
- The Development Strategy of Development Bank of Kazakhstan JSC
- The Development Plan of NUH Baiterek JSC

Feasibility – The strategy's forecasted indica tors align with the expected development trajectory of 36 the Fund

Consistency – The achievement of goals and objectives is structured in a phased manner

Efficiency and effectiveness – The Fund is committed to achieving its strategic objectives in a timely and high-quality manner

During the review period from December 31, 2023, to December 31, 2024, the Fund's total assets increased from 1,702,419,366 thousand tenge to 2,358,160,590 thousand tenge, indicating significant growth in the Fund's operations

The fundamental principles of the Corporate Governance Code are as follows:

One of the strategic directions of the Development Strategy is “Sustainable Development,” with a key objective of obtaining an ESG rating in 2024.

In pursuit of this goal, significant preparatory work was carried out throughout the year. In May, the Fund successfully placed its debut issuance of social bonds on the AIX platform, totaling over 5.7 billion tenge. Additionally, the "Roadmap for the Implementation of ESG Principles" (hereinafter referred to as the roadmap) was developed and approved by the Fund's Management Board on June 4, 2024 (Protocol No. 942/06/2024).

The roadmap outlines short- and medium-term ESG initiatives.

The Fund's primary focus remains the development of the industrial sector through financing domestic enterprises. As part of its first strategic direction, the Fund is committed to the following key objectives:

The Fund's efforts will be directed toward actively attracting clients through various communication tools and strengthening partnerships with relevant organizations. This includes participation in B2B meetings, forums, and exhibitions to enhance collaboration and outreach

Project Directorate No. 1,
Tel.: 8 (7172) 79-63-17

Project Directorate No. 2,
Tel.: 8 (7172) 79-63-35

Project Directorate No. 3
Tel.: 8 (7172) 79-64-86

Project Directorate No. 4
Tel.: 8 (7172) 79-63-23

Project Directorate No. 5
Tel.: 8 (7172) 79-63-09

Tel.: 8 (7172) 79-05-45
Tel.: 8 (7172) 79-05-43
Tel.: 8 (7172) 79-64-97 (office)

email: info@idfrk.kz
Website: www.idfrk.kz