Astana, June 1, 2023

Qazaqstan Investment Corporation JSC (QIC) announced today the signing of the Term Sheet on its participation in the TVM Healthcare SEA Fund of the global private equity firm TVM Capital Healthcare, headquartered in Singapore and Dubai. The agreement was signed by Ainur Kuatova, CEO of QIC, and Hoda Abou-Jamra, Founding Partner and Managing Director SEA, TVM Capital Healthcare, at the event of the Kazakhstan-Singapore Business Forum in Astana on May 22, 2023. The President of the Republic of Singapore – Halima Yakob, and the Prime Minister of the Republic of Kazakhstan, Alikhan Smailov, were present at the ceremony.

From left to right at the table: Ainur Kuatova, QIC, Hoda Abou-Jamra, TVM Capital Healthcare

By participating in the TVM Healthcare SEA Fund, QIC is piloting a support mechanism for Kazakhstani healthcare startups, which will provide them expedite access to one of the largest Asian markets by cooperating with TVM Capital Healthcare and its SEA Fund portfolio companies. Ultimately, the cooperation with TVM Capital Healthcare, within the investment activities of the new fund, will help to create favorable conditions for the development of local high-tech healthcare projects and will positively affect the growth of cross-country investment flows. One goal of the cooperation for QIC is to build an attractive eco-system of funds and partners to create a private equity healthcare fund focused on Kazakhstan and Central Asia region in the near future.

TVM Capital Healthcare focuses on investments in highly specialized clinics and clinic chains in fields such as oncology, cardiology, diagnostics and imaging, fertility and women’s’ health, long-term care, post-acute care and rehabilitation, as well as primary care, home care and disease management. A substantial effort is put on sourcing enabling platform technologies that help to improve the business


models of such companies by improving access to quality care and enhance portfolio companies’ sustainability performance.

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 About Qazaqstan Investment Corporation (QIC)

JSC “Qazaqstan Investment Corporation” is a fund of private equity funds, created to promote the sustainable development of the national economy. QIC’s activities are aimed at creating a private equity infrastructure in Kazakhstan, attracting foreign investment in priority sectors of the economy, using leading international experience and transferring innovative knowledge and technologies.

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