Kazakh businessman Kenes Rakishev has registered a new company, Arkhat Minerals Limited, at the Astana International Financial Centre (AIFC) as part of efforts to access capital markets and attract financing for future projects.
According to Fincraft Resources, which is fully owned by Rakishev and acts as the sole shareholder of Arkhat Minerals Limited, the new entity will focus on project management, including in the solid minerals mining sector. The company is based in Astana and is registered on the AIFC’s AFSA platform as a holding structure. Temirlan Shaimerdenov has been appointed CEO and director of the new company.
Arkhat Minerals Limited follows the earlier establishment of Fincraft Energy Holding Limited, registered at the AIFC on November 10 2025. With a charter capital of 50 million tenge, the company was created to operate in capital markets and attract long-term investment into existing and future oil and gas projects. Pavel Mynzhanov, formerly a board member of Fincraft Resources, serves as CEO.
Fincraft Group has previously stated that Fincraft Energy Holding Limited was established to consolidate and manage investments in hydrocarbons, including exploration, production and processing projects. The move aligns with Rakishev’s broader strategic shift toward energy assets and higher value-added oil processing.
In recent years, Rakishev has gradually reduced his exposure to mining and financial assets while increasing investment in oil and gas. In March 2025, he sold his stake in ARK Petroleum, an operator of the Shalva oil exploration contract in the Mangystau region. Earlier, in January 2025, it was announced that BTA Ukraine, another asset linked to Rakishev, would be acquired by Ukrainian businessmen following approval by the country’s antimonopoly authority.
