Khazanah Nasional
Country: Malaysia
Established: 1993
US$ Billion: 25.7
Origin: Non-commodity
Transparency Rating: 7
Summary:
Khazanah Nasional Berhad is the investment holding arm of the Government of Malaysia entrusted to hold and manage the commercial assets of the government and to undertake strategic investments. Khazanah was incorporated under the Companies Act 1965 on 3 September 1993 as a public limited company. The share capital of Khazanah is owned by the Minister of Finance, a body corporate incorporated pursuant to the Minister of Finance (Incorporation) Act, 1957.
Khazanah has an eight member board comprising representatives from the public and private sectors. Abdullah Ahmad Badawi, the Right Honorable Prime Minister of Malaysia is the Chairman of the Board of Directors.
Khazanah has stakes in more than 50 companies with assets valued in excess of US$20 billion. Khazanah is also the state agency responsible for strategic cross-border investments. These companies are involved in various sectors such as power, telecommunications, banking, automotive manufacture, airport management, infrastructure, property development, broadcasting, semiconductor, steel production, electronics, investment holding, research technology and venture capital.
Some of the key listed companies in Khazanah's investment portfolio include Telekom Malaysia Berhad, Tenaga Nasional Berhad, CIMB Group, Proton Holdings Berhad, PLUS Expressway Berhad, Malaysia Airlines System Berhad, Malaysia Airport Berhad, UEM World Berhad, UEM Builders Berhad, PT Bank Lippo and Time dotCom Berhad.
News and Updates
2/20/08
Khazanah Nasional Proposes Niaga-Lippo Merger
Khazanah Nasional Bhd, a large shareholder of Lippo Bank and CIMB, recently proposed to merge Lippo Bank with Bank Niaga in order to be compliant with the "single presence policy" of Indonesia’s central bank’s.
Location
Khazanah Nasional Berhad
Level 33, Tower 2
Petronas Twin Towers
Kuala Lumpur City Centre
50088 Kuala Lumpur
Website
Khazanah's Site
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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