Khazanah Nasional Berhad


Country: Malaysia

Established: 1993

US$ Billion: 25

Origin: Non-commodity

Firm Investment Style: Portfolio

Entity Structure: Corporation

Transparency Rating: 4

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

Khazanah gets nod to talk to HLB
According to the site, " Khazanah Nasional Bhd is believed to have obtained the nod from Bank Negara to negotiate for the sale of its 10% stake in EON Cap, sources told StarBiz. This makes Khazanah the third major shareholder to have received the nod to talk, after Rin Kei Mei and Tan Sri Tiong Hiew King, through their indirect 31.7% stake held through Kualapura Sdn Bhd and Lintang Emas Sdn Bhd (15.4%) and RH Development Sdn Bhd (16.3%). It is believed that Kenanga Investment Bank is the advisor for Khazanah, Rin and Tiong while CIMB Investment Bank is advising Hong Leong. In a statement to Bursa yesterday, the board of EON Capital said it had appointed Goldman Sachs as its international financial advisor and Ethos & Company as its Malaysian financial advisor to assist the company with its strategic review."
read more: The Star

Khazanah sets up first overseas office in Beijing
According to the site, "The opening of Khazanah Nasional’s Beijing representative office marks an important milestone and reflects Khazanah’s commitment to the China market. 'This is Khazanah’s first office overseas,' said Prime Minister Datuk Seri Abdullah Ahmad Badawi in his speech at the launch of the Beijing representative office."
read more: The Star

Khazanah, Dubai Banking Group and ACR to set up USD300 million ACR ReTakaful
According to the site, “Khazanah is pleased to announce that it has signed an agreement with Dubai Banking Group (“DBG”) and Asia Capital Reinsurance (“ACR”) to form the world’s largest retakaful group, ACR ReTakaful Holdings Limited (“ACR ReTakaful”). Khazanah and DBG will each directly hold a 40% interest in ACR ReTakaful while ACR will hold the remaining 20%. By virtue of Khazanah’s 32% stake in ACR, it would have the largest effective shareholding in ACR ReTakaful.

ACR ReTakaful will have a capital base of USD300 million, and will have two operating companies in its stable, to be based in Kuala Lumpur and the Middle East.
read more: Khazanah's Site

Major Direct Foreign Investments (Private)

Company Country Type % Ownership Comments
Blue Archipelago Malaysia Subsidiary Controlling

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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