Khazanah Nasional

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Khazanah Nasional
خزانه ناسيونل
Type Government-owned unlisted public
Industry Sovereign wealth fund
Founded 1993
Headquarters Kuala Lumpur, Malaysia
Key people Najib Tun Razak, Chairman
Azman Mokhtar, Managing Director
Revenue Undisclosed
Website www.khazanah.com.my

Khazanah Nasional Berhad is a Malaysian sovereign wealth fund. It 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 administered by the Minister of Finance, a body corporate incorporated pursuant to the Minister of Finance (Incorporation) Act, 1957.

Khazanah has a nine member board comprising representatives from the public and private sectors. Najib Tun Razak, the current Prime Minister of Malaysia is the Chairman of the Board of Directors.

Khazanah has stakes in more than 50 companies with net asset value for 2012 stood at US$ 29 billion.[1] For 2012 the net realizable value was RM 121.6 billion. It stood at RM 113 billion in 2010 [2] 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, airport management, infrastructure, property development, broadcasting, semiconductor, investment holding, research technology and venture capital.

Some of the key listed companies in Khazanah's investment portfolio include Axiata, Telekom Malaysia, Tenaga Nasional, CIMB Group, PLUS Expressways, Malaysia Airlines, Malaysia Airports and UEM Land.

In August 2014 the Malaysian government announced it would nationalize Malaysia Airlines, with Khazanah Nasional buying up the 30% that it did not own. The airline had been unprofitable for three years and was under financial pressure following two plane crashes and the loss of 570 passengers and crews in the space of 5 months.[3]

Portfolio companies[edit]

Khazanah Nasional has substantial stakes in companies that are involved in various sectors such as

Agriculture

  • MAFC 100%
  • Blue Archipelago 100%
  • Biotropics 100%

Automotive

  • Miyazu Seisakusho 9.12%

Basic Materials

  • CIMA 100%

Financial Institution Group

  • Santubong Ventures 100%
  • ACRM 70%
  • Valuecap 33.33%
  • ACR Holdings 31.56%
  • ACR ReTakaful 40%
  • Bank Muamalat 30.0%
  • CIMB Group 28.39%
  • EON Capital 10.0%
  • Jadwa Investment 10.0%
  • IDFC 8.97%

Healthcare

  • IHH Healthcare Berhad 45.3%
  • Parkway Pantai Limited 45.3%
  • Apollo Hospital 10.85%
  • IMU Health 45.3%
  • Acibadem Healthcare Group 15%

Infrastructure & Construction

Leisure & Tourism

  • Themed Attractions 100%

Media & Communications

Property

  • STLR 100%
  • Iskandar Investment Berhad 60%
  • Putrajaya Holdings 15.59%
  • UEM Land 77.14%

Technology & Bio Tech

  • Atlantic Quantum 100%
  • MTDC 100%
  • SilTerra Malaysia 98.05%
  • Springhill Bioventures 33.33%

Transportation & Logistics

  • Penerbangan Malaysia 100%
  • Malaysia Airlines 70%
  • Malaysia Airports 60%
  • Pos Malaysia 32.21%
  • Westport 8.55%

Utilities

  • Tenaga Malaysia 35.69%
  • Northern Utility 20%
  • Shuaibah Water and Electricity Company 12%

Others

  • KCS Green Energy 80%
  • Parkson Retail 7.84%

References[edit]

  1. ^ "Khazanah investments hit record high". Investvine.com. 18 January 2013. Retrieved 18 January 2013. 
  2. ^ "[1]." Retrieved on 22 Jan 2011, Star Business.
  3. ^ "State investment firm keen to acquire Malaysia Airlines". Malaysia Sun. Retrieved 8 August 2014. 

External links[edit]