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Khazanah Nasional Berhad

Definition

Khazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia.

What is 'Khazanah Nasional Berhad'

The Khazanah Nasional is a government-owned investment organization that manages the sovereign wealth fund for the Government of Malaysia and was incorporated in 1993. The sole shareholder is the Malaysian Ministry of Finance. According to the Sovereign Wealth Fund Institute, the Kazanah had approximately $25 billion in assets under management in 2009.

Explaining 'Khazanah Nasional Berhad'

The Khazanah Nasional is governed by a nine-member board of directors with members from both the public and private sectors. The goal of the Khazanah Nasional is to promote economic growth in Malaysia and make strategic investments on behalf of the Malaysian government. Its investments are spread across many business sectors, but are geographically focused on firms operating in Malaysia and Southeast Asia.


Further Reading


Khazanah Nasional: Malaysia's treasure trove
www.tandfonline.com [PDF]
… Beginning in 2005, Khazanah made a series of international investments, almost all in joint ventures with GLCs. It backed Tenaga Nasional and Malakoff Berhad in a US$2.3 billion bid for a power and water desalination plant project in Saudi Arabia …

The economic crisis, capitalism and Islam: The making of a new economic order?The economic crisis, capitalism and Islam: The making of a new economic order?
www.tandfonline.com [PDF]
… Beginning in 2005, Khazanah made a series of international investments, almost all in joint ventures with GLCs. It backed Tenaga Nasional and Malakoff Berhad in a US$2.3 billion bid for a power and water desalination plant project in Saudi Arabia …

Determinants of bank profitability in a developing economy: empirical evidence from the China banking sectorDeterminants of bank profitability in a developing economy: empirical evidence from the China banking sector
www.tandfonline.com [PDF]
… Beginning in 2005, Khazanah made a series of international investments, almost all in joint ventures with GLCs. It backed Tenaga Nasional and Malakoff Berhad in a US$2.3 billion bid for a power and water desalination plant project in Saudi Arabia …

Enacting the rules of global finance: sovereign wealth funds and the promotion of corporate governance reformEnacting the rules of global finance: sovereign wealth funds and the promotion of corporate governance reform
link.springer.com [PDF]
… Beginning in 2005, Khazanah made a series of international investments, almost all in joint ventures with GLCs. It backed Tenaga Nasional and Malakoff Berhad in a US$2.3 billion bid for a power and water desalination plant project in Saudi Arabia …

Does Doing Good Pay Off? Social Impact Bonds and Lessons for Islamic Finance to Serve the Real EconomyDoes Doing Good Pay Off? Social Impact Bonds and Lessons for Islamic Finance to Serve the Real Economy
papers.ssrn.com [PDF]
… Beginning in 2005, Khazanah made a series of international investments, almost all in joint ventures with GLCs. It backed Tenaga Nasional and Malakoff Berhad in a US$2.3 billion bid for a power and water desalination plant project in Saudi Arabia …

Factors influencing bank profitability in a developing economy: Empirical evidence from MalaysiaFactors influencing bank profitability in a developing economy: Empirical evidence from Malaysia
journals.sagepub.com [PDF]
… Beginning in 2005, Khazanah made a series of international investments, almost all in joint ventures with GLCs. It backed Tenaga Nasional and Malakoff Berhad in a US$2.3 billion bid for a power and water desalination plant project in Saudi Arabia …

Potential role of social impact bond and socially responsible investment sukuk as financial tools that can help address issues of poverty and socio-economic insecurityPotential role of social impact bond and socially responsible investment sukuk as financial tools that can help address issues of poverty and socio-economic insecurity
journals.iium.edu.my [PDF]
… Beginning in 2005, Khazanah made a series of international investments, almost all in joint ventures with GLCs. It backed Tenaga Nasional and Malakoff Berhad in a US$2.3 billion bid for a power and water desalination plant project in Saudi Arabia …



Q&A About Khazanah Nasional Berhad


What is Khazanah Nasional Berhad?

Khazanah Nasional Berhad is the sovereign wealth fund of the government of Malaysia.

Who does Khazanah serve?

The Government of Malaysia and its people.

Which organization does it belong to that maintains and promotes the Santiago Principles ?

International Forum on Transparency & Accountability

How many people are on its board of directors?

There are nine members on its board of directors with members from both public and private sectors.

What goal does Khazanah aim to accomplish?

To promote economic growth in Malaysia and make strategic investments on behalf of the Malaysian government. Its investments are spread across many business sectors, but are geographically focused on firms operating in Malaysia and Southeast Asia.

What are Khazanah's commercial objectives?

To grow financial assets and diversify revenue sources for the nation.

How does Khazanah operate according to its investment philosophy?

It emphasizes attaining appropriate risk-adjusted financial returns, generating sustainable returns, and integrating ethical and responsible investing considerations.

What are Khazanah's strategic objectives?

To hold strategic assets that bring long-term economic benefits to the nation.

What is the Khazanah Nasional?

The Khazanah Nasional is a government-owned investment organization that manages the sovereign wealth fund for the Government of Malaysia and was incorporated in 1993.

Where is Khazanah a member of?

International Forum of Sovereign Wealth Funds (IFSWF) &91;1&93; International Forum on Transparency & Accountability (IATI) UNPRI Principles for Responsible Investment (UNPRI) Malaysian Code for Institutional Investors IIC FCLTGlobal MACC Corporate Integrity Pledge (CI Pledge).

How much money does Khazanah Nasional have under management?

According to Sovereign Wealth Fund Institute, it had approximately 25 billion in assets under management in 29.

Does it have any special membership status in these organizations?

Yes, it has special membership status in all these organizations except IIC

Who is the sole shareholder of Khazanah Nasional Berhad?

The sole shareholder of Khazanah Nasional Berhad is the Malaysian Ministry of Finance.

Which organization does it belong to that promotes best practices in managing sovereign wealth funds ?

International Forum on Transparency & Accountability