Tatarstan President reelected Board Chairman of Tatneftekhiminvest-holding

On June 5, in the Government House of the republic, Tatarstan President Rustam Minnikhanov held an annual general meeting of shareholders of Tatneftekhiminvest Holding, at which it was decided not to pay dividends for 2016, and to traditionally direct the entire net profit in the amount of 1571.67 million roubles for the company's development.

As compared to 2016, the company's net profit has increased by 34 per cent. Such growth is explained by the revaluation of securities (Tatneftekhiminvest-holding does not carry out any production activities). Most of the net profit was provided by Tatneft oil company's shares.

The shareholders elected a new Board of Directors. Its composition has not undergone any fundamental changes.

The Board of Directors includes Tatarstan Rustam Minnikhanov, Aide to Tatarstan President Renat Sabirov, Minister of Industry and Trade of the republic Albert Karimov, Minister of Economy of the republic Artem Zdunov, Minister of Construction, Architecture and Housing and Utilities of the republic Irek Fayzullin, Aide to Tatarstan President for oil industry Shafagat Takhautdinov, Advisor to Tatarstan President on development of oil and gas fields Renat Muslimov, CEO of Tatneft Oil Company Nail Maganov, Director General of TAIF Albert Shigabutdinov and his first Deputy Vladimir Busygin, managers of some of the largest companies of Tatarstan.

Rustam Minnikhanov was reelected Board Chairman of Tatneftekhiminvest-holding. 

Rafinat Yarullin was assigned Director General of Tatneftekhiminvest-holding again.