The National bank has given Kenes Rakishev a permit to acquire the branch of Amanat insurance company. It will be incorporated into businessman’s own Fincraft Investment House. Amanat reported in the last days of December that the deal is on the way without disclosing further details.

“As soon as we will come to solution we will tell it. I can say for sure: participation of a new shareholder will be beneficial for Amanat’s market positions. Company will retain its development vector and will progress in the chosen field” – Ergali Begimbetov, CEO of the “Amanat Insurance Company”, told the press.

KASE, the Kazakhstan business disclosure information depository, reported on likely sell of the 25 or more stake of Amanat Insurance. According to KASE, until now 100 percent of share was owned by Dinmuhammet Idrisov.

The final beneficiary of “Fincraft Investment House” is Kenes Rakishev. National bank has permitted Mukash Iskandirov to acquire a stake in the Fincraft in November 2019.

kenes rakishev
Kenes Rakishev

Kenes Rakishev interesttowards insurance company may be tied with intensive operations his company performs as BTA Bank chief salvation entity. Kenes Rakishev hunt for the lost and stolen assetsof the once-mighty BTA Bank has made him a reputation of talented crisis manager.

Kenes (Kenges) Rakishev is an investor, entrepreneur and one of the most well-known businesspeople in Kazakhstan. Fincraft Holdings is Kenes’s asset management business and the vehicle through which he has invested in Petropavlovsk PLC, the FTSE-listed gold miner.

Kenes’s other investment in metals and mining is SAT & Company, where he is Chairman of the Board, and he was co-owner of Central Asia Metals until successfully exiting the investment in early 2018.

Kenes makes venture capital investments in the technology space through his Singulariteam-1 and Singulariteam-2 funds. At the end of 2017, Kenes’s blockchain consumer electronics company, Sirin Labs, raised more than US$157 million through an initial coin offering (ICO). To date, this is the 5th largest ICO in the world. Sirin Labs has developed the world’s first mass-market blockchain smartphone, the ‘Finney’.

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