Gamuda Berhad Company Updates and Business Operations

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Gamuda Berhad is a Malaysian multinational conglomerate with a diverse range of businesses. The company was founded in 1976 by Tan Sri Dato' Seri Dr. Ting Pek King, a renowned entrepreneur and philanthropist.

In 2018, Gamuda Berhad was listed on the Main Market of Bursa Malaysia Securities Berhad, marking a significant milestone in the company's history. This listing provided the company with the necessary funding to drive its growth and expansion plans.

Gamuda Berhad operates in various sectors, including construction, property development, engineering, and water management. The company has a strong presence in Malaysia and has also ventured into international markets, including Indonesia and Singapore.

Shareholders and Updates

Gamuda Berhad has a diverse group of shareholders, including prominent Government-Linked Entities (GLEs) and institutional investors. These stakeholders play a significant role in the organization's governance and strategic direction.

The Employees Provident Fund (EPF) is the largest shareholder, holding a substantial portion of Gamuda's shares. EPF's significant investment in Gamuda reflects its commitment to the company's growth and success.

Gamuda's major shareholders include:

  • Employees Provident Fund (EPF)
  • Kumpulan Wang Persaraan (Diperbadankan) (KWAP)
  • Permodalan Nasional Berhad (PNB)
  • Maybank Nominees (Tempatan) Sdn Bhd
  • HSBC Nominees (Asing) Sdn Bhd
  • Amanah Saham Nasional Berhad (ASNB)

These shareholders collectively contribute to Gamuda's strategic direction and corporate governance, reflecting the corporation's importance in Malaysia's infrastructure and property development sectors.

Major Shareholders

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Gamuda Berhad has several prominent Government-Linked Entities (GLEs) and institutional investors as its major shareholders.

The Employees Provident Fund (EPF) is the largest shareholder, holding a substantial portion of Gamuda's shares, reflecting its significant investment in the company.

KWAP, the pension fund for public sector employees, is another key institutional investor in Gamuda, indicating its importance in the organization's governance and strategic direction.

Permodalan Nasional Berhad (PNB), a prominent government-linked investment management company, holds a significant stake in Gamuda, aligning with its mandate to manage and grow the wealth of Bumiputera investors.

Maybank Nominees (Tempatan) Sdn Bhd represents local institutional investors holding shares in Gamuda, often on behalf of unit trust funds and other investment vehicles.

HSBC Nominees (Asing) Sdn Bhd holds shares on behalf of foreign institutional investors, indicating international interest in Gamuda's performance and prospects.

Amanah Saham Nasional Berhad (ASNB) manages a significant unit trust fund that invests in Gamuda, providing retail investors with exposure to the company's shares.

Here is a list of Gamuda's major shareholders:

  • Employees Provident Fund (EPF)
  • Kumpulan Wang Persaraan (Diperbadankan) (KWAP)
  • Permodalan Nasional Berhad (PNB)
  • Maybank Nominees (Tempatan) Sdn Bhd
  • HSBC Nominees (Asing) Sdn Bhd
  • Amanah Saham Nasional Berhad (ASNB)

Company Updates

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Gamuda has been awarded several contracts in recent years, demonstrating its growth and success in the industry. The company has won contracts in various countries, including Singapore, Malaysia, and Taiwan.

In Singapore, Gamuda was awarded a contract by the Housing Development Board for a significant project, with a bid of SG$ billion. This is just one example of the company's success in the region.

Gamuda has also made headlines in Malaysia, where it has been involved in several notable projects. For instance, the company's unit entered into a sale and purchase agreement for a significant amount of land in Kuala Langat, Selangor.

The company has also expanded its operations in Australia, where it has been involved in several major projects. In 2023, Gamuda acquired Downer's Australian Transport Projects business, marking a significant milestone in the company's growth.

Here are some of the notable contracts awarded to Gamuda in recent years:

These are just a few examples of Gamuda's recent successes, and the company continues to grow and expand its operations in various regions.

Business Operations

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Gamuda Berhad's business operations are a testament to its commitment to sustainability and efficiency. The company has implemented a robust waste management system, reducing its waste disposal cost by 75% since 2015.

Its construction arm has a strong track record of delivering large-scale infrastructure projects, such as the Klang Valley Mass Rapid Transit (MRT) project, which is one of the largest infrastructure projects in Malaysia.

Recommended read: Afcons Infrastructure

Where Is Based?

Gamuda Berhad is based in Petaling Jaya, Selangor. This is a key aspect of its business operations.

Understanding the location of a company is essential for its success. It allows for effective communication with local stakeholders and partners.

The company's base in Petaling Jaya, Selangor, provides a strategic location for its operations.

If this caught your attention, see: Selangor State Development Corporation

Township Development

Township development is a key area of focus for Gamuda Land, with a presence in Malaysia and Vietnam.

Gamuda Land has developed several townships in Malaysia, including Kota Kemuning in Shah Alam, Bandar Botanic in Klang, and Valencia in Sungai Buloh. These townships offer a range of amenities and services to residents.

Explore further: Eastern Townships Bank

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One notable example is Horizon Hills in Johor, which is located within the Iskandar Development Region. This township offers a unique blend of urban and natural living.

Some of Gamuda Land's notable township developments in Malaysia include Jade Hills in Kajang, Gamuda Gardens in Rawang, and Gamuda Cove in Kuala Langat. These developments have helped to shape the landscape of their respective regions.

Here are some of Gamuda Land's township developments in Malaysia:

  • Kota Kemuning, Shah Alam
  • Bandar Botanic, Klang
  • Valencia, Sungai Buloh
  • Horizon Hills, Johor
  • Jade Hills, Kajang
  • Gamuda Gardens, Rawang
  • Gamuda Cove, Kuala Langat
  • Gamuda Kemuning Twenty-five.7, Kuala Langat

These townships have contributed to the growth and development of their surrounding areas, providing residents with access to amenities, services, and job opportunities.

Hydroelectric Power Plant

Hydroelectric Power Plant is a significant aspect of renewable energy.

The Ulu Padas Hydroelectric Project (UPHEP) in Sabah is a massive facility with a capacity of 187.5 MW.

This project, developed by Gamuda Berhad, is a prime example of a successful hydroelectric power plant.

Gamuda Berhad played a crucial role as the main turnkey developer of the UPHEP project.

Classification and Codes

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Gamuda Berhad can be classified using various codes. The NAICS codes for Gamuda Berhad are 23721, 2372, 237210, 237, and 23.

These codes categorize the company's activities, but it's worth noting that different codes may apply depending on the specific context. The NAICS codes for Gamuda Berhad cover construction and engineering services, specifically in the areas of highway and street construction, and engineering services.

NAICS Code

The NAICS code is a crucial classification system used to identify industries and businesses. It's a six-digit code that helps organizations like Gamuda Berhad get classified correctly.

Gamuda Berhad has multiple NAICS codes: 23721, 2372, 237210, 237, and 23. These codes are specific to its industry classification.

The NAICS code is essential for businesses to get classified and registered with the government. It helps in tax purposes and other administrative tasks.

In the case of Gamuda Berhad, its NAICS codes indicate that it's involved in construction and engineering activities.

See what others are reading: Bank Transfer Swift Code

SIC Code

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SIC Code is a system used to classify businesses and industries. It's a way to categorize companies based on their primary activities.

The SIC code for Gamuda Berhad is 655, 65, 16, and 162. These codes indicate the company's main business activities.

Understanding SIC codes can be helpful when researching or analyzing businesses.

Frequently Asked Questions

Is Gamuda a big company?

Yes, Gamuda is one of the largest Malaysian infrastructure companies, with a significant presence in the regional engineering, property, and infrastructure sectors. Its global reach and innovative solutions make it a notable player in the industry.

Archie Strosin

Senior Writer

Archie Strosin is a seasoned writer with a keen eye for detail and a deep interest in financial institutions. His work often delves into the history and operations of Missouri-based banks, providing readers with a comprehensive understanding of their roles in the local economy. A particular focus of his research is on Dickinson Financial Corporation and Armed Forces Bank, tracing their origins and evolution over the decades.

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