+7 701 713 4044
+7 701 713 4044

Adal Integritas Capital
Management Ltd. A company incorporated in the Astana International Financial Centre
and licensed by the Astana Financial Services Authority (AFSA) Licence and registration: Licence number: AFSA-A-LA-2021-0032 Date of issue: 26 October 2021
About Us

Adal Integritas Capital Management Ltd. (AICM)

A privately held investment management company incorporated in the Astana International Financial Centre and operating under the supervision of the Astana Financial Services Authority (AFSA).

The firm provides end-to-end services in establishing investment structures, managing assets and raising capital, from fund formation through to transaction support.

Licence

Licence number: AFSA-A-LA-2021-0032

Date of issue: 26 October 2021

Status: In force

Regulator: Astana Financial Services Authority (AFSA)

The licence has been granted by the Astana Financial Services Authority and confers the right to carry on regulated activities within the Astana International Financial Centre.

Licence particulars are stated as per the AFSA public register of licences (publicreg.myafsa.com) as at 17 August 2026.

REGULATED ACTIVITIES

1. Managing a Collective Investment Scheme in relation to Digital Assets
Establishment and management of investment funds, including digital asset funds: portfolio construction, execution of the investment policy, and liaison with the administrator, custodian and auditor.
2. Managing Investments
Discretionary management of client assets: taking investment decisions and executing transactions within the strategy and mandate agreed with the client.
3. Arranging Deals in Investments
Structuring and arranging transactions in financial instruments: placement of instruments, sourcing of counterparties and transaction support through to completion.
4. Advising on Investments
Personal investment recommendations on financial instruments, including portfolio structure and instrument selection.
MISSION

We facilitate
attracting investment to develop
the economy
of Kazakhstan.

We apply our knowledge, experience, proprietary expertise and international network to deliver the maximum return on investment.

Experts
in structuring
strategies
for sustainable growth.
An independent
system,
autonomous from external influences.
In-depth research focused on long-term growth.
STRATEGY

To provide our investors and partners with comfortable
terms of cooperation

to execute investment projects leveraging the advantages
of the AIFC jurisdiction

We offer
flexible and transparent terms
for successful project execution.
We leverage legal protections and international standards of the AIFC jurisdiction to ensure trust and security.
We provide end-to-end project support, from strategy development to investment management.
FOCUS

Short-term
and long-term
trading
strategies
and portfolio
investments

Into a broad spectrum of market financial instruments and the real economy
sector

Trading strategies
for diverse
horizons
Diversified portfolio investments
Investments
into the real sector
of the economy
Advantages of Operating in the AIFC Jurisdiction

AICM operates within the Astana International Financial Centre, which offers investors a number of additional advantages.

  • A transparent and attractive body of rules and regulations for foreign investors, aligned with international standards (Basel, IOSCO and others).
  • AIFC legislation based on the common law of England and Wales.
  • An independent AIFC Court and flexible dispute resolution options.
  • Tax preferences and a flexible currency regime.

Links to the AIFC (AFSA) public register:

Adal Integritas Capital Management Ltd.
https://publicreg.myafsa.com/details/210940900348/

Adal Integritas Equity Focused Fund I OEIC Ltd.
https://publicreg.myafsa.com/details/220840900080/

ADAL MA1 FUND OEIC Limited
https://publicreg.myafsa.com/details/240340900036/

Our strategies are calibrated to different risk levels and are designed to deliver an optimal return.

S&P-adjusted

S&P-adjusted

Long-term holdings in large-capitalisation companies for sustainable growth.

Speculative

Speculative

News-driven assets with an investment horizon of three to six months.

High-Beta

High-Beta

High-risk assets with low correlation to the market, held over a short horizon of up to one year.

Hedge

Hedge

Protective assets, including put options, used to protect the portfolio during a market correction.
Business Consulting
Documentof recent business
Business Finance
Latest Invoice of project
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Branches
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Team
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Awards
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Clients
OUR TEAM

Our team of experts

brings together highly qualified professionals with many years of experience in investment, finance and asset management.

Anton Karamzin
Chief Executive Officer
Anton Karamzin
Chief Executive Officer
Experience with leading international financial institutions, including Citibank and Morgan Stanley.
Learn more
Zangar Shotbakov
Chief Financial Officer
Zangar Shotbakov
Chief Financial Officer
Over 30 years of experience in banking and finance.
Learn more
Lyubov Gordienko
Chief Operating Officer
Lyubov Gordienko
Chief Operating Officer
Over 25 years of experience in banking and finance.
Learn more
Maksim Gorlachev
Chief Investment Officer
Maksim Gorlachev
Chief Investment Officer
Founder of a venture capital fund with experience in Silicon Valley.
Learn more
07 Insights & Resources

Follow the latest developments and trends in the investment industry

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Introduction to Investing and Its Key Benefits
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Asset Allocation Strategies in Investment Portfolios: Risk Optimization and Yield Enhancement
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Fund Portfolio Management Tools and Strategies: Allocation Optimization and Risk Mitigation
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Fund Asset Diversification: A Strategy for Effective Investment Management
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Understanding Venture Capital Funds and Their Management

Contact Us

We understand the importance of a comprehensive approach.

Address
Republic of Kazakhstan, Astana, Yesil district, 47 Syganak Street, office 24, Z05K7B3
Email
info@adalintegritas.com
Telephone
+7 771 345 02 52
+7 701 713 4044
+44 7443 888414

Submit an enquiry

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