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‘Future Heritage Fund Corporation’ constituted www.montsame.mn
Ulaanbaatar /MONTSAME/ At its regular meeting on July 24, the Cabinet established the ‘Future Heritage Fund Corporation’ LLC responsible for the Future Heritage Fund (FHF)'s asset management.
FHF is owned by the nationals of Mongolia and FHF Corporation will be a professional, independent, 100 percent state-owned company in charge of investing in, raising and maintaining the real value of the fund's assets within the scope of the authority granted without ownership rights of the assets.
The main sources of the FHF's financing include 65 percent of the royalty payments and the dividends to the state owned shares of legal entities with state ownership participation or state owned enterprises which possess mining licenses for mineral deposits.
Currently, the fund totals MNT 213 billion.
Published Date:2019-07-25
