About Kenes Rakishev

Investor. Businessman. Entrepreneur.

Kenes Rakishev

Kenes Rakishev - Businessman, Entrepreneur, InvestorThe son of a prominent Kazakh statesmen, Khadi Rakishev, Kenes (Kenges) Rakishev was born in 1979. He gained degrees In Economics and Law in Kazakhstan’s Kazakh National Law Academy before attending both Oxford University and the London Business School in 2007 where he obtained certifications in Developing Strategy for Value Creation, Business Administration, Management and Operations. 

Kenes Rakishev’s career commenced as an advisor at the Ministry of Internal Affairs in Kazakhstan before he migrated into the business field. He worked principally in the energy sector, including roles with KazTransGaz, Intergas Central Asia JSC, and KazMunayGas. In 2004, he became the Vice President of CJSC KazTransGas and Chairman of the Board at Kazakhstan Petrochemical Industries.

In November 2006, Rakishev became the largest shareholder and chairman of the SAT & Company (KASE: SATC), which controlled more than 30 companies across different industrial sectors, such as mining, metallurgy, construction, mechanical engineering, oil trading, minerals exploration and recycling. Sat & Company rapidly increased its international presence through acquisition of the new assets in China and Turkey. By 2013, Sat & Company was worth $500 million (USD). 

He later became involved in start-up ventures, mostly in the technical and electronic industries. His portfolio included Rallee (a mobile application developer); Sprylogics International (an IT toolset); IQcard (a Russian IT start-up).

In 2014, Kenes Rakishev was appointed Chairman of the Board of Directors, BTA Bank JSC, a post he still holds today.

Kenes Rakishev is involved in a wide variety of sports development and social projects. He is a member of Youth Policy Council (Zhas Kenes), working under the auspices of the President of Kazakhstan. In December 2014, Rakishev became the Head of the Youth Entrepreneurship Development Council at the National Chamber for Entrepreneurship. 

He is the co-author of “Kazanat” a book dedicated to the history and the development of horse-breeding in Kazakhstan, and of “Berkut”, a book dedicated to the history and traditions of Kazakh national falcon hunting.

Forbes ranks Kenes Rakishev as one of the top 50 most influential citizens of Kazakhstan.