fgroup.kz Reviews

Fincraft Group is a diversified holding company founded in 2014 and led by Kenges Rakishev. The group operates in five key segments: oil & gas, mining & processing of metals, educational services, distressed asset management, and other activities. The main operational companies within the Fincraft Group employ more than 1,200 staff members. The strategic goal of Fincraft Group is to ensure sustainable and long-term development for each of its companies by fully leveraging their potential.

Key Milestones:

2014:
Establishment of “Novacom Corporation” LLP. Sole shareholder – K. Rakishev.

2019:
Increase of authorized capital to 107 billion tenge; acquisition of 29% of shares in JSC “BTA Bank”.

2020:
Registration and listing of the first two bond issues (NCOMB1 and NCOMB2) on KASE.
S&P Global Ratings assigned long-term and short-term credit ratings of “B/B” with a “stable” outlook.
Renamed to “Fincraft Group” LLP.
“Deloitte” LLP appointed as the auditing organization.
Opening of the private school named after Sh. Ualikhanov.
Company’s bonds moved from the alternative platform to the main platform of the official KASE list.
Acquisition of 91.5% of shares in JSC “Fincraft Resources.”

2021:
Acquisition of 100% of the share capital of Nordland Petroleum Inc.
Registration and listing of private placement bonds (NCOMPP1) on KASE.
Registration and listing of the third bond issue on KASE (NCOMB3); acquisition of 50% of shares in Equus Petroleum Limited.
Redemption of the second bond issue (NCOMB2).
Group, through JSC “Fincraft Resources,” acquired a 50% stake in “Ark Petroleum” LLP; opening of a new building for the school named after Sh. Ualikhanov.
“Kumkol Trans Service” LLP signed a contract for oil production at the Kainar field.
Registration and listing of private placement bonds (NCOMPP2) on KASE.

2022:
Continued growth and development in line with the strategic goals of the Fincraft Group.

2023:
Ongoing operations and strategic initiatives.

2024:
The website content indicates that the Fincraft Group is actively involved in various sectors, including oil & gas, mining, education, and venture investments. It also highlights key milestones and achievements, such as acquisitions, bond issuances, and partnerships.

The website provides contact information for investors and emphasizes the group’s commitment to sustainable and long-term development. It also mentions the establishment of a private school, which reflects a broader social and educational impact beyond business activities.

Overall, the website presents Fincraft Group as a well-established and diversified holding company with a focus on sustainable growth and leveraging opportunities in multiple sectors. The inclusion of specific details about acquisitions, bond issuances, and partnerships adds transparency and credibility to the group’s operations.

It’s important to note that while the website provides information about the group’s activities and achievements, it’s always advisable to conduct thorough due diligence and consider consulting with financial advisors or experts before making any investment decisions. Additionally, the website’s content and the group’s claims should be verified through official sources and independent research to ensure accuracy and reliability.”

the reasons behind this review :
The website content indicates that the Fincraft Group is actively involved in various sectors, including oil & gas, mining, education, and venture investments. It also highlights key milestones and achievements, such as acquisitions, bond issuances, and partnerships. The website provides contact information for investors and emphasizes the group's commitment to sustainable and long-term development. It also mentions the establishment of a private school, which reflects a broader social and educational impact beyond business activities. Overall, the website presents Fincraft Group as a well-established and diversified holding company with a focus on sustainable growth and leveraging opportunities in multiple sectors. The inclusion of specific details about acquisitions, bond issuances, and partnerships adds transparency and credibility to the group's operations. It's important to note that while the website provides information about the group's activities and achievements, it's always advisable to conduct thorough due diligence and consider consulting with financial advisors or experts before making any investment decisions. Additionally, the website's content and the group's claims should be verified through official sources and independent research to ensure accuracy and reliability.