Khazanah’s Eventful 2013 Year

Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund, reported a net asset value of RM 103.5 billion (US$ 31.2 billion) as of December 31, 2013. The new value includes a 19.1% increase during 2013, said the fund in a statement. It also represents a threefold increase in net asset value since 2004.

This past year, the sovereign fund soundly bested regional indices including MSCI Asia Ex-Japan, which returned 10.8% last year.

A statement made by Khazanah credits the following companies with its impressive growth since 2004: “Telekom Malaysia Berhad and Axiata Group Berhad (RM21.3 billion), UEM Group Berhad (RM15.8 billion), Tenaga Nasional Berhad (“TNB”) with RM12.8 billion, CIMB Group Berhad (RM11.6 billion), and the healthcare sector with a contribution of RM8.6 billion.”

Khazanah has gone through a number of deals including letting some companies go public, while at the same time, consolidating purchases. In late July 2013, a sovereign wealth enterprise of Khazanah purchased a 90% stake in Acıbadem Sağlık ve Hayat Sigorta A.Ş, a large Turkish provider of health insurance services.

Other milestone events for Khazanah include opening offices in San Francisco and Istanbul.

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