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Region: Kazakhstan


Business investor

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Kenges Rakishev

A global business leader designated by Forbes as one of the 50 most influential people in Kazakhstan, is an accomplished investor with multiple business interests worldwide. He serves as chairman of the board of directors for several large companies including SAT & Company (KASE: SATC), a diversified industrial holding. Benefitting from Kenges’ leadership, SAT & Co., which has interests in mechanical engineering, infrastructure projects and petrochemical operations as well as plants and projects in Turkey and China, has grown from its initial investment of $10K in 2000 to more than $500M today. Kenges also is chairman of the board for Kazakhstan Petrochemical Industries, the lead operator constructing the first integrated gas chemical complex in Kazakhstan, as well as Vyborg Shipyard, one of the largest shipbuilding companies in the northwestern region of Russia.

He serves on the board of directors of Net Element after acquiring $32 million in Net Element stock. The investment into Net Element is part of Kenges’ strategy to apply his expertise and access to capital to seize opportunities in the Commonwealth of Independent States(CIS) countries by leveraging advanced technologies and partnerships abroad.

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