Initiation of a closed unit realty investment fund

06.2008
AS Oiliken initiated the establishment of a investment fund to build chain a multi-storey car parks in the centre of Kazan which will form the base for further development of a car park business.

This fund is established in partnership with AK BARS Capital Management Company (www.akbars-capital.ru), which is a major investment company in Russia today, ranked 14th on the aggregate value of net managed assets. The registration of the rules of fiduciary management by the fund’s managing company has been planned for April 2009.