Orken Capital Fund LLP purchased 7.24% of common shares of AsiaAgroFood JSC, a company processing agricultural products, for 2 billion tenge in March 2026, according to the latter's financial statements. Orken Capital Fund is a 'daughter' of Qazaqstan Investment Corporation (QIC) and a 'granddaughter' of the national holding Baiterek. This was reported by Qazaqyia.kz citing Kursiv Media.

"In March 2026, Orken Capital Fund LLP acquired 1,000,000 common shares of the company for a total of 2,000,000 thousand tenge (2 billion tenge – Kursiv), which amounted to 7.24% of the total number of placed shares after the additional placement. The additional placement of 1,000,000 shares (1 million shares – Kursiv) was carried out within the limits of the shares declared for issue," the document notes.

Earlier it was reported that AsiaAgroFood received more than 1 billion tenge in profit in 2025. At the end of 2025, the shareholders of AsiaAgroFood were: agroholding KazFoodProducts – 94.22% (a year earlier it owned 95%) and Aidarkhan Sarsembayev – 5.78% (5%). According to the website of the Kazakhstan Stock Exchange, as of July 1, 2026, KazFoodProducts' stake in AsiaAgroFood decreased to 87.4%. Ultimate control over AsiaAgroFood is held by entrepreneur Erlan Baimuratov. Erlan Baimuratov ranked 68th in the list of the richest Kazakhs according to Forbes in 2025 with a fortune of $108 million – he is the main owner of the KazFoodProducts agroholding, which includes the confectionery factory Bayan Sulu and AsiaAgroFood. However, in 2026, Baimuratov dropped out of the Forbes list.

Thus, Aidarkhan Kusainov slightly increased his stake in AsiaAgroFood in 2025, and in 2026 AsiaAgroFood gained a new major shareholder in the form of Baiterek's 'granddaughter'.

The Kazakhstan Stock Exchange (KASE) has not disclosed major shareholders holding less than 10% of issuers' shares since the end of 2025. Previously, the exchange disclosed stakes of investors who owned 5% or more of shares in companies and banks.

According to QIC's website, the Orken Capital Fund direct investment fund was established in 2014. 100% of Orken Capital Fund is owned by QIC. The fund makes direct investments in promising companies in non-resource sectors of Kazakhstan's economy at the start-up, growth and maturity stages.

The fund sees its goal as finding such projects for investment and increasing the share of exports of finished products. Applicants for relevant projects must submit a scanned application through their personal account and a written request to the Baiterek business center.

AsiaAgroFood has a flour mill with a capacity of 400 tons of grain per day, a complex for processing corn into starch and glucose syrups with a capacity of 200 tons per day, and a feed mill with a capacity of 600 tons per day. The enterprise also includes an elevator with a capacity of 15.2 thousand tons of grain, grain warehouses and grain dryers.

At the end of 2025, AsiaAgroFood owned 100% stakes in TastobeAgroFood and Koktal-Agro companies. At the same time, the report states that at the end of 2024, AsiaAgroFood owned a 66.7% stake in TastobeAgroFood, and the remaining stake was bought out from a related party. TastobeAgroFood is engaged in raising cattle for milk, meat, and sale of young stock. Koktal-Agro is engaged in raising cattle for milk and young stock, and growing corn.

In addition, AsiaAgroFood sold a 0.53% stake in EMC Agro (a related party) to the parent company in 2025 for 2 billion tenge. At the time of writing, stakes in EMC Agro are held by KazFoodProducts, Orken Capital Fund and Samal Agrotechservice.

Samal Agrotechservice is owned by Samal Invest Group, whose co-owners are OSV Capital, Erik Balapanov, Timur Sadykov and Aidarkhan Sarsembayev. The co-owners of OSV Capital are brothers Akbar Talgatbek and Aldiyar Talgatbek.

At the beginning of 2025, the co-owners of EMC Agro were: KazFoodProducts, Baiterek Venture Fund and AsiaAgroFood. EMC Agro owns the Tayynsha meat processing plant with a capacity of 20 thousand tons of meat per year (launched by the company in 2019 in Tayynsha, Tayynsha district, North Kazakhstan region). The meat processing plant has its own raw material base, and also purchases livestock from local farmers and farms in the North Kazakhstan and Akmola regions. There is also a pig complex in Tayynsha. In November 2025, QIC announced the successful 'partial' exit from the EMC Agro project to expand the pig farm to 100 thousand heads per year.

The project was financed through Baiterek Venture Fund (a 'daughter' of QIC) in 2019 and put into operation in August 2021. According to the agreement, the KazFoodProducts group of companies carried out a buyback of the BVF stake after six years for 5.6 billion tenge. In the first half of 2025, EMC Agro produced 8.5 thousand tons of meat products worth 12.2 billion tenge.