RG Gold has allocated 1 billion tenge to help residents of Akmola region affected by floods. These funds will be spent on the restoration of infrastructure and financial support for families who have lost their homes and property.
“We are deeply concerned about the flood situation in Kazakhstan and the challenges facing society. Now, more than ever, it is important for business to show solidarity with the state and caring citizens of Kazakhstan, who are making every effort to eliminate the consequences of the disaster as soon as possible and return the affected people to normal life. At this difficult time, we would like to support the residents of the Akmola region, where our company is located and the families and loved ones of our employees live,” said Lawrence Rossou, CEO of RG Gold.
According to Rossou, RG Gold annually allocates about 100 million tenge for the implementation of socio-economic projects in the Akmola region (improvement of infrastructure facilities, repair of roads and rural schools, installation of a cellular base station, allocation of annual educational grants, etc.).
RG Gold is owned by Bulat Utemuratov and the American private equity fund Resource Capital Funds. Earlier, Bulat Utemuratov allocated 10 billion tenge to eliminate the consequences of floods in the Aktobe region. An additional 500 million was sent to the region by Alidar Utemuratov. Utemuratov Group of Companies has been actively helping the affected population from the spring floods since the first days – 680 million were transferred to the Demeu Kazakhstan Kory Fund, fundraising for affected people was opened and financial assistance was provided to employees in zones of groundwater flooding, deferrals on ForteBank loans were provided and over 40 thousand Beeline Kazakhstan subscribers were provided with free voice communication and Internet in flooded settlements.
In total, since 2022, Utemuratov Group companies have implemented social and charitable projects worth 133 billion tenge.
