Billionaire Sarsenov's Son Heads JP Finance Group, Stolidifies Control Over Nurbank

Yeldar Sarsenov, the son of influential entrepreneur Rashit Sarsenov, has officially become the general director of JP Finance Group LLP,  Orda.kz reports.

The Regulation and Development of the Financial Market Agency has confirmed this status.

This structure owns 86.42% of the shares of JSC Nurbank, where Yeldar Sarsenov recently became the chair of the board of directors. Raushan Yerzhanova previously held this position.

Sarsenov Jr. became the majority shareholder of JP Finance Group LLP in September 2021. This company also includes subsidiaries, such as Money Experts JSC, LK Nur Leasing LLP, and OUSA NB LLP.

Forbes writes that the Sarsenov family is among Kazakhstan's most influential entrepreneurs. 

Their business empire strengthens their position in the financial sector and other areas. 

They own the Victoria insurance company, the Helios gas station chain, the Aqsay Bakery, the AltynEx gold mining enterprise, the Kokshe-Cement Production Association LLP, the Kasting metallurgical company, Oil Real Estate LLP (real estate management), Neftekhim LTD Company LLP (polypropylene production), Caspian Food trading LLP, and the Tekeli Mining and Processing Complex LLP. 

Forbes Kazakhstan has estimated the Sarsenovs' fortune at $970 million.

We recently wrote that another son of Rashit Sarsenov would be involved in construction at Kashagan.This concerns TOO "Yeskene LPG," which will build a pipeline there.

29-year-old Abay Sarsenov controls the company.

Original Author: Artyom Volkov