Khazanah Nasional
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| Government-owned unlisted public | |
| Industry | Sovereign wealth fund |
| Founded | 1993 |
| Headquarters | Kuala Lumpur, Malaysia |
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Key people
|
Najib Razak, Chairman Azman Mokhtar, Managing Director |
| Revenue | Undisclosed |
| Total assets | RM145.1 billion |
| Website | www |
Khazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia.
Khazanah holds and manages selected commercial assets of the Government and undertakes strategic investments on behalf of the nation. It is involved in sectors such as power, telecommunications, finance, healthcare, aviation, infrastructure, leisure and tourism, and property, amongst others. The fund is a member of the International Forum of Sovereign Wealth Funds, which maintains and promotes the Santiago Principles on best practices in managing sovereign wealth funds.
Its portfolio includes Axiata, CIMB, Tenaga Nasional, IHH Healthcare, UEM Group, Telekom Malaysia, Malaysia Airlines, and Malaysia Airports.
Khazanah was incorporated under the Companies Act, 1965 in Malaysia on 3 September 1993 as a public limited company and commenced operations a year later. Khazanah is owned by the Malaysian government and administered by the Minister of Finance Incorporated, except for one share held by the Federal Land Commissioner.
Khazanah is governed by a ten-member Board of Directors comprising representatives from the Government and the corporate sector with diverse professional backgrounds and expertis. Najib Razak, the current Prime Minister of Malaysia and Minister of Finance, is the Chairman of the Board.
In 2016, Khazanah registered a proforma profit before tax (PBT) of RM1.55 billion, a 32% increase over the previous year. Its portfolio decreased 3.4% to RM145.1 billion in terms of its realisable asset value (RAV), and declined 6.4% to RM101.9 billion in terms of net worth adjusted (NWA). Khazanah also made investments totalling RM8.7 billion and 13 divestments with proceeds amounting to RM4.7 billion, with a gain on divestments of RM2.9 billion for the year.
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