investments, including under Dana Impak. The placement price represents a 2.8% discount to the closing

KUALA LUMPUR: Khazanah Nasional Bhd has completed a placement of 105 million shares or 1% equity in CIMB Group Holdings Bhd at RM5.10 a share, raising gross proceeds of RM535. 5mil.In a statement, it said the placement price was a 3.4% discount to the closing market price of RM5.28 on April 13, 2022.It added that the shares were placed out to government-linked funds, both domestic and global long-only account and multi-strategy funds." The share placement exercise is part of Khazanah’s on-going

CLICK TO ENLARGEKUALA LUMPUR: After two consecutive years of a double-digit drop in operating profits, Khazanah Nasional Bhd believes that its refreshed strategies will put it on the right track towards growth. The sovereign wealth fund( SWF), whose asset under management has surpassed RM134bil, has also set its sights on becoming a more “ active corporate player ” in the Malaysian capital markets.As part of its Advancing Malaysia initiatives, the SWF said it aims to reinvigorate the Malaysian m

KUALA LUMPUR: Khazanah Nasional Bhd grew its net asset value( NAV) to RM86bil in 2021 from RM79bil in the previous year despite facing the headwinds brought on by the Covid-19 pandemic.... The government's strategic investment arm said this brought the compounded annual growth rate to 5.8% since 2004 as it continued to fulfil its mandate to grow and safeguard the nation's assets.... " The reduction of profit was mainly due to continuing financial assistance being extended to Khazanah’s airline

CLICK TO ENLARGEPETALING JAYA: The country’s sovereign wealth funds( SWFs) will undergo a “ re-balancing of focus ” between financial returns and socio-economic deliverables. Prime Minister Tan Sri Muhyiddin Yassin said yesterday that the SWFs will prioritise long-term capital investing in a more strategic and targeted way into new growth areas. The SWFs are Khazanah Nasional Bhd, Retirement Fund Inc( KWAP), National Trust Fund( KWAN) and Minister of Finance Inc. Meanwhile, Malaysia’s institutio