Taliya Minullina was re-elected to the board of directors of the OJSC “Tatneftekhiminvest-holding”

At Tatarstan Government House Tatarstan President Rustam Minnikhanov chaired an annual meeting of shareholders of Tatneftekhiminvest-Holding with the participation of the First Deputy Chief Executive of Tatarstan Investment Development Agency Insaf Galiev.

OJSC «Tatneftekhiminvest-holding» was established in September 1994 as an industrial-financial company, uniting the largest enterprises of petrochemical complex of Tatarstan. Following the results of 2015, the company’s net profit was 1 bln. 165 mln. rubles. It was decided by stockholders not to accrue dividends and forward all net profit to company`s development. In general, the volume of output in petrochemical industry went up by 2,5% in 2015.

The new board of directors was elected at the meeting and contains 25 people. It is again headed by Tatarstan President Rustam Minnikhanov. Among members of the board are Prime Minister Ildar Khalikov, Tatarstan Minister of Industry and Trade Albert Karimov, Tatarstan Minister of Economy Artem Zdunov, Tatarstan Investment Development Agency Chief Executive Taliya Minullina and others. Heads of the republic largest companies, including Svyazinvestneftekhim, Tatneft and TAIF, were also elected to the board.

Updated Board of Directors has elected Rustam Minnikhanov its chairman and extended the mandate of Rafinat Yarullin as CEO of Tatneftekhiminvest Holding.

«According to financial accounts of the company for 2014, net profit has increased in 2, 5. The refusal to pay dividends is a traditional practice for holding, it is economically beneficial — it is a profit,» — said Taliya Minullina. In the light of the degradation of macro-economic situation in the world, «Tatneftekhiminvest-holding» builds a right pricing policy, ensuring its stability and planned development".
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