Khazanah Nasional Driving Malaysia's Growth

Khazanah Nasional has been instrumental in driving Malaysia's growth, with a track record of successful investments and strategic partnerships. The company was established in 1993 as the strategic investment fund of the Malaysian government.

Khazanah Nasional's portfolio includes some of Malaysia's most iconic companies, such as Proton and Telekom Malaysia. These companies have played a significant role in shaping the country's economy and contributing to its growth.

Under Khazanah Nasional's stewardship, these companies have been transformed into world-class entities, with a strong focus on innovation and excellence. This has not only created jobs and stimulated economic growth but also enhanced the country's global competitiveness.

Broaden your view: Permodalan Nasional Berhad

Khazanah pursues its overall mandate through four investment structures: Investments portfolio, the Dana Impak portfolio, developmental assets, and special situations. These structures help the organization achieve its goals in a comprehensive way.

Khazanah has made significant investments in various sectors, including the acquisition of a 15% stake in Measat Broadcast Network Systems Sdn. Bhd., the principal owner of satellite television provider Astro, through a subscription of new shares.

Khazanah aims to achieve carbon neutral operations by the end of 2023 and net zero emissions by 2050 as part of its sustainability framework launched in June 2022. This demonstrates the organization's commitment to reducing its environmental impact.

Khazanah plans to launch a green investment platform to attract new direct investments into Malaysia, build domestic champions, and create high-quality job opportunities for Malaysians. This initiative is in line with Khazanah's 'advancing Malaysia' strategy.

The green investment platform will focus on investing in renewable energy and storage, green building technology and energy efficiency, and e-mobility ecosystem. This will drive Malaysia's decarbonisation agenda and upskill Malaysians in green sectors over the long term.

Khazanah's managing director, Amirul Feisal Wan Zahir, stated that the platform will be a significant part of the organization's nation-building and value creation initiatives.

For more insights, see: Sarawak Energy

Malaysia is home to Khazanah, a company incorporated in Malaysia that operates under the Malaysian Companies Act.

Khazanah is not a government agency or a statutory body, but rather a national institution responsible for managing the commercial assets of the government and investing in high-tech and strategic sectors.

The Prime Minister of Malaysia, who serves as the Chairman of Khazanah, has the power to determine the direction of Khazanah, including appointing and retaining members of the Khazanah Board of Directors and existing management.

Khazanah's focus on pro-growth and pro-community was continued in the 2017 Malaysian Budget, with the company's portfolio of multi-sector companies remaining as the engine of the country's growth.

In 2021, the former Prime Minister and Chairman of Khazanah, Ismail Sabri Yaakob, stated that Khazanah was in a perfect position to launch its Malaysian Development Initiative, highlighting the company's ability to address specific challenges affecting certain sectors and create sustainable growth for the long term.

A different take: Malaysian Electronic Payment System