Article 94. Types of alienation of state property The Law on State Property

Home / RLA / Article 94. Types of alienation of state property The Law on State Property

1. The alienation of state property is carried out in the following ways::

1) privatization of state property through the sale at auction in the form of auctions and tenders, trading on the stock exchange, tender through two-stage procedures, sale of derivative securities;

2) privatization of state property through direct targeted sale; - Excluded by the Law of the Republic of Kazakhstan dated June 24, 2025 No. 196-VIII SAM

2-1) direct targeted sale of state property to a state-owned Islamic special financial company;

3) other methods of alienation of state property without bidding in the manner and on the terms provided for in paragraph 3 of this chapter.

2. Actions that do not directly lead to the sale of state property, but provide for its subsequent sale (leasing of state property or transferring it to trust management with the right to subsequent redemption, respectively, by the employer (tenant) or trustee), are considered not as types of privatization, but as its preliminary stages. - Excluded by the Law of the Republic of Kazakhstan dated June 24, 2025 No. 196-VIII SAM

3. The object of alienation may not be state property, which, in accordance with the laws of the Republic of Kazakhstan, may belong only to the state, as well as state property that is not subject to alienation in accordance with acts of the President of the Republic of Kazakhstan or the Government of the Republic of Kazakhstan in coordination with the President of the Republic of Kazakhstan.

4. The list of objects, including strategic ones, owned by the state and owned by quasi-public sector entities that are not subject to alienation, is approved by the Government of the Republic of Kazakhstan in coordination with the President of the Republic of Kazakhstan.

5. The alienation of state property located outside the Republic of Kazakhstan and assigned to the bodies of the diplomatic service abroad is carried out in accordance with the procedure established by the Government of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.

This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.

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Republic of Kazakhstan

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