Portfolio Companies
Currently, Khazanah Nasional has substantial stakes in companies that are involved in various sectors.
Download the investment holdings structure (PDF version)
Automotive
PROTON (Proton Holdings Bhd)
Public Listed
Proton was incorporated in 1983 to manufacture, assemble and sell motor vehicles and related products, including accessories, spare parts and other components. Proton produced Malaysia's first car, the Proton Saga, commercially launched in 1985. Currently, Proton is the leading Malaysian national car manufacturer and has a dominant market share of the local automotive market.
Modenas (Motosikal dan Enjin Nasional Sdn. Bhd.)
Motosikal dan Enjin Nasional Sdn. Bhd. - MODENAS - was established in tandem with Malaysia's efforts to achieve industrialised nation status, now ubiquitously known as Vision 2020. MODENAS spearheads the technology transfer and development of motorcycle manufacturing, to eventually enable the country to proudly produce indigenous motorcycles
Basic Materials
CIMA (Cement Industries of Malaysia Bhd)
Public Listed
CIMA Group is one of the largest cement and concrete manufacturers in Malaysia. The company is based in Perlis and is the proud manufacturer of the Blue Lion and NS cement brands in the country
Megasteel (Megasteel Sdn. Bhd.)
Megasteel Sdn. Bhd, a member of the Lion Group, is the first steel mill in Malaysia to produce flat steel products in the form of hot rolled coils located on a 500-acre site in Banting, Selangor. The company also produces cold rolled coils.
Financial Institution Group
ACR (Asia Capital Reinsurance)
ACR was incorporated in December 2006 with a paid-up capital of US$620 million. The company focuses on reinsurance of large specialized risks in segments such as aviation, marine, energy, large infrastructure and engineering projects, writing business across Asia. ACR has an underwriting license from the Monetary Authority of Singapore and an A- Financial Strength Rating (Excellent) from A.M. Best.
Bank Muamalat (Bank Muamalat Malaysia Bhd)
Bank Muamalat Malaysia Berhad, the second full-fledge Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, irrespective of race or religious beliefs, thus contributing to the development of modern Malaysia.
CIMB Group
Public Listed
CIMB Group is Malaysia’s second largest financial services provider which is listed on Bursa Malaysia through Bumiputra-Commerce Holdings Berhad (BCHB). CIMB Group has its roots as a premier investment bank and a consumer bank with the largest network locally. Its strategic expansion drive has enabled it to leverage the Group's consumer banking services and gain further scale in the marketplace making it one of the leading universal banks in the region.
CIMB Group connects to its customers through 3 brand entities - CIMB (investment bank), CIMB Bank (consumer bank) and CIMB Islamic (which operates as a comprehensive parallel bank within the Group). In addition, the Group’s key strengths also lie in Private Banking and Asset Management
Lippo Bank (PT Bank Lippo Tbk)
Public Listed
Established in 1948 and listed in 1989, Lippo Bank (“LB”) is Indonesia’s 10th largest bank (in terms of assets as at December 2005). The Bank has consistently focused its loan distribution to the retail and commercial segments, typically providing financial assistance to distribution companies and small and medium enterprises (SMEs). Going forward, LB will be expanding its focus to include the consumer market given Indonesia’s growing middle class.
Presently, the Bank provides a "one-stop" banking services, in retail, consumer and commercial segments, international products and attractive investment instruments for its individual and corporate customers.
Valuecap (Valuecap Sdn Bhd)
Established in 2002, Valuecap is a fund management company which was created to invest specifically in the Malaysia equities market. Owned jointly by Khazanah, PNB and KWAP, Valuecap’s key mandate is to undertake investments in equities listed on Bursa Malaysia on a portfolio basis, based on superior fundamental investment research.
Healthcare
Apollo (Apollo Hospitals Enterprise Ltd)
Public Listed
Apollo is India’s largest private hospital group. It is listed on the stock exchanges of India, Madras and Mumbai. Apollo owns and/or manages a network of 37 hospitals in India and also has presence in Sri Lanka, Bangladesh, the UAE, Nepal, Ghana, Nigeria, the United Kingdom and the Kingdom of Saudi Arabia. It is an integrated healthcare player operating over 180 pharmaceutical outlets, more than 50 clinics, seven nursing colleges, participates in the medical BPO segment, and is the largest third party administrator in India. Apollo was founded in 1983 by US-based cardiologist, Dr. Prathap C. Reddy.
International Medical University Malaysia
The International Medical University is Malaysia’s premier private medical university, offering students a high quality medically-related education alternative to studying abroad. The University boasts a population of over 1,800 students, undertaking degree programmes in Medicine, Pharmacy and Nursing and postgraduate programmes in Medical Sciences and Community Health by research. In partnership with 25 Partner Medical Universities, students can also graduate with degrees in Medicine from prestigious, internationally recognized medical schools in Australia, Canada, Ireland, New Zealand, the United Kingdom and United States of America.
Pantai Holdings
The Pantai group is Malaysia’s second largest private healthcare provider. It currently operates seven hospitals in Peninsular Malaysia, with a total of 1,086 activated beds and 368 physicians. The flagship of the group is the Pantai Medical Centre in Bangsar which was founded in 1974.Through its subsidiaries; Pantai is also involved in monitoring and supervision of medical examination of foreign workers in Malaysia and providing support services to government hospitals and healthcare facilities in southern Peninsular Malaysia.
Pharmaniaga (Pharmaniaga Bhd)
Public Listed
Pharmaniaga is the largest local healthcare company in Malaysia. The company is driven by its core businesses namely, generic pharmaceuticals manufacturing and R&D, warehousing and distribution of pharmaceutical and medical products, sales and marketing as well as hospital equipping. Pharmaniaga has also created a niche in healthcare IT solutions which forms the backbone of its operations.
Infrastructure & Construction
Ho Hup (Ho Hup Construction Company Bhd)
Public Listed
Ho Hup was founded in 1960 and has since been involved in various fields of building and civil engineering, completing numerous contracts from both the private and government sectors in Malaysia. The group’s current spectrum of activities include civil engineering works like earthworks, highway and road works, bridges, dams, laying of steel pipelines, reservoirs, water treatment plants and other infrastructure works, foundation engineering, building works, quarry operations, property development and oil and gas works.
PLUS Expressways (PLUS Expressways Bhd)
Public Listed
Incorporated in Malaysia on 29 January 2002, PLUS Expressways was listed on the Main Board of the KLSE on 17 July 2002. PLUS Expressways is the largest listed toll expressway operator in Asia, and the sixth largest in the world.
UEM (United Engineers (M) Bhd)
UEM is entrusted with the responsibility of developing infrastructures and value-added services in six core industries in the country, namely; expressways operations, engineering and construction, healthcare, environmental services, manufacturing and information, communications and technologies. Adjusting and adapting to the times, UEM has created opportunities for growth and expansion. Today, the Group has more than 40 major operating companies, including 10 public listed companies with the Group shareholders funds standing in excess of RM5.6 billion. Growing with and contributing to the advancement of the nation, UEM has since generated and developed a wealth of skills and talents in the various industries. With over 20,000 employees, UEM has a large pool of specialists and knowledge workers in many diverse areas.
UEM Builders
Public Listed
UEM Builders has within its group of companies UEM Constructions Sdn Bhd, PATI Sdn Bhd and UEM Genisys Sdn Bhd. mainly involved in the construction industry. Its first project was in 1989 when the company was appointed by Projek Lebuhraya Utara-Selatan Berhad (PLUS) as the specialist contractor for constructing continuously reinforced concrete pavements along the North South Expressway. Since then, the company capabilities have expanded to include various other construction related services.
UEM World (UEM World Bhd)
Public Listed
UEM World is part of the UEM group of companies and holds the engineering and construction, healthcare, environmental services, property and investments companies within the UEM group.
Opus International Group Plc (formerly known as Kinta Kellas Plc)
Public Listed
Incorporated in the UK in 1926, Kinta Kellas was established to pursue the then lucrative tin mining industry. In 2005 Kinta Kellas has been renamed Opus International Group plc. Today the restructured Opus International is an industry leader in asset development and asset management consultancy services. Opus International also wholly owns Opus International Consultants Limited, the largest professional service, civil engineering, architecture, asset management and environmental planning consultancy firm in New Zealand.
Media & Communications
Astro (Astro All Asia Networks plc)
Public Listed
ASTRO ALL ASIA NETWORKS plc (ASTRO) is a Malaysia-based multimedia group with established DTH satellite multi-channel subscription TV services, radio broadcasting, production and distribution of film and television programming, talent management and magazine publishing operations.
ASTRO has formed joint ventures in other countries to launch new broadcasting, multimedia and Internet services. The Group has strategic alliances with leading software developers and content producers to jointly develop both technology and content to provide satellite-delivers, broadband, IP enhanced multimedia and interactive services over multiple platforms across the Asia Pacific region.
Telekom (Telekom Malaysia Bhd)
Public Listed
The country’s pioneer telecommunications provider with a strong presence in the fixed line services, cellular and multimedia services, both locally and selectively abroad. Telekom Malaysia, through its wholly owned unit TM International, has also significant interest in leading telecommunication companies in Indonesia, India, Sri Lanka and Bangladesh.
Time (Time Engineering Bhd)
Public Listed
Time is the flagship of UEM’s information, communication and technology division (ICT). Companies under Time are TIME System Integrators Sdn Bhd, TIME Quantum Technology Sdn Bhd, Dagang Net Technologies Sdn Bhd and TIME dotcom Berhad. Through its group of companies, Time offers a suit of ICT products and services to both domestic and international markets, ranging from integrated communications provider, complemented by an extensive fixed line, broadband, payphone and internet service networks, e-commerce, project management and consultancy and supply and maintenance.
Time dotCom (Time dotCom Bhd)
Public Listed
TIME dotCom is a major telecommunications provider in the country. Underpinned by its extensive fibre optics network, which is further complemented by an extensive fixed line, broadband, payphone and Internet service networks, TIME is a key operator in serving Malaysia's communications needs. As new technology brings about convergence in voice, data and multimedia technologies, TIME dotCom is set to harness the synergies of various products and services within the Group to package and offer innovative and efficient solutions to its various customers at highly competitive pricing.
Others
DRB-Hicom (DRB-Hicom Bhd)
Public Listed
DRB-HICOM Berhad is Malaysia’s single largest totally integrated automotive company with operations in the manufacturing, assembly and distribution of passenger and commercial vehicles. The company has also established its name in the areas of Automotive, Property and Infrastructure Development.
Parkson (Parkson Retail Group)
Public Listed
Parkson is the People’s Republic of China (PRC) arm of the Lion Group's retail business, which was established in Malaysia in 1987. Parkson entered the PRC retail market in 1994, focusing on department store operations. At the end of 2005, Parkson is one of the leading retail players in China, operating 23 self-owned stores and 16 contract stores in 26 cities across China.
Property
Faber (Faber Group Bhd)
Public Listed
Faber is made up of 3 distinctive divisions, namely property, hotels and healthcare. As such, as a group it is involved in a myriad of activities such as property development and property management under Faber Development Holdings; clinical waste management, linen and laundry services, bio-medical engineering maintenance and others under its healthcare arm; and owns the Sheraton Imperial Kuala Lumpur and Sheraton Hanoi, international class hotels that are professionally managed by Starwood Hotels & Resorts Worldwide Inc.
Putrajaya Holdings (Putrajaya Holdings Sdn Bhd)
Putrajaya Holdings is the lead developer for Putrajaya, the Federal Government Administrative Capital. Incorporated in October 1995, landmark projects of Putrajaya Holdings include the Dataran Putra, Putra Mosque, Putra Bridge, the Putrajaya Lake and the Wetlands.
STLR (STLR Sdn Bhd)
STLR is property investment holding company, wholly owned by Khazanah. STLR has several key assets, largely located around Kuala Lumpur, which are mostly held for investment and rental income. Among its key assets is Wisma Time in Kuala Lumpur and various land parcels in and around Kuala Lumpur.
UDA Holdings (UDA Holdings Bhd)
UDA also known as the Urban Development Authority was given the task to promote planned urban development. The company was listed on the Main Board of Kuala Lumpur Stock Exchange (KLSE) on November 18, 1999. Today, led by a board of experienced directors and highly qualified professionals, UDA Holdings is committed to enhance its competitiveness and partake a bigger role in urban development, thereby contributing to entrepreneurial growth in line with the national aspiration.
Technology and Bio Tech
Atlantic Quantum Sdn Bhd
Atlantic Quantum is a technology investment company that focuses on equity investments in early/growth stage companies, specifically in the Integrated Circuit Design field. In addition to financial returns, investments are made in view of strategic linkages with SilTerra (another Khazanah portfolio company).
BI Walden Ventures Ketiga (BI Walden Ventures Ketiga Sdn Bhd)
In 1990, Walden International and Bank Industri & Teknologi Malaysia Berhad jointly sponsored BI Walden Ventures Sdn Bhd. The success of this first fund led to the establishment of a second, BI Walden Ventures Kedua Sdn Bhd, in 1992. The most recent fund is BI Walden Ventures Ketiga Sdn Bhd. These funds primarily invest in companies both locally and overseas but focus mainly on Malaysian companies.
MTDC (Malaysian Technology Development Corporation Sdn Bhd)
MTDC is the Malaysian Government’s integrated VC company with the focus on commercializing research results of universities and research institutions, identifying and transferring emerging and strategic technologies for adoption by industries, and encouraging the growth of technology-based enterprises in Malaysia.
To facilitate its operation, MTDC functions as an integrated venture capital company, whose role is to identify, finance and develop potential companies and strategic technology areas.
Silterra Malaysia (Silterra Malaysia Sdn Bhd)
Silterra operates Malaysia’s premier wafer fabrication plant located at the Kulim Hi-Tech Park which meets the strict requirements of the 0.13µm process. It also incorporates the mini-environment design concept and uses 100% step-and-scan photolithography equipment to ensure high-yield and quality. Silterra is now producing wafers with CL250 (0.25µm), CL220 (0.22µm) and CL180 (0.18µm) processes with the 0.13µm process fast approaching their technology roadmap.
Spring Hill Bioventures (Spring Hill Bioventures Sdn Bhd)
A Malaysian based biotechnology focused fund with the objective of investing in biotechnology companies both locally and abroad in support of the Malaysian biotechnology initiative.
Transportation & Logistics
Malaysia Airports (Malaysia Airports Holdings Bhd)
Public Listed
Malaysia Airports Holdings Berhad is the operator and manager of Malaysia’s 38 airports, including one of the world’s most technologically advanced airports, the Kuala Lumpur International Airport. MAHB is also the first airport company to be listed in Asia and one of just seven listed airport companies in the world.
MAS (Malaysian Airline System Bhd)
Public Listed
MAS, Malaysia’s national carrier, started its services in 1947 with just one twin engine Air Consul that sat only five. Since then, however, Malaysia Airlines has become an award-winning airline with a fleet of more than 100 aircraft, spreading its wings across six continents and servicing more than 100 different destinations.
Penerbangan Malaysia Bhd
PMB is a special purpose vehicle created out of the Widespread Asset Unbundling (WAU) financial restructuring of MAS in 2002. It has three distinct business segments – aircraft leasing, the domestic aviation business and share ownership of MAS. PMB is the holding company for MAS, with a 69.3% stake in the national airline. The WAU restructuring includes PMB buying from, and leasing back to MAS most of its aircraft fleet. PMB also took over the domestic aviation business from MAS. In doing so, MAS was transformed into a “virtual” airline, involved in international passenger and cargo services.
Pos Malaysia (Pos Malaysia & Services Holdings Berhad)
Public Listed
Pos Malaysia provides postal and related services, transport logistics, printing and insertion, counter collection and payment agency services for a range of financial transactions, such as bill payments, remittance, insurance and unit trusts. The Company holds an exclusive concession to provide mail services through its network of over 850 branches and mini post offices in Malaysia.
Westport (Westport Holdings Sdn Bhd)
Westport is a deep water, state-of-the-art port catering to modern fifth generation vessels located in Port Klang. Westport handles a mix of container and conventional cargoes with a current capacity of 13 million tonnes per annum for conventional cargo and, depending on installed equipment, up to 2.7 million twenty-foot equivalent units (TEUs) for container cargoes.
Utilities
Shuaibah Phase 3 Independent Water & Power Project
Shuaibah Phase 3 IWPP Project (“the Project”) will supply 880,000 cubic meter of water per day and 900 megawatt of power to Makkah, Jeddah, Al-Taif and Al-Baha and is expected to begin commercial operations in 2009. The Project, to be developed at a cost of SR 9.1 billion (approximately US$ 2.5 billion) on a Build Own and Operate basis, will be located adjacent to the existing Shuaibah generation and desalination complex 110 km south of Jeddah, on the western coast of Saudi Arabia.
This will be the first Independent Water and Power Project to be developed in the Kingdom of Saudi Arabia and represents a major development in the country’s water and power sector. The indicative Project timetable is for Construction of the Plant to begin around January 2006 with Project Commercial Operation Date scheduled for January 2009.
Tenaga Nasional (Tenaga Nasional Bhd)
Public Listed
TNB is the largest electricity utility company in Malaysia with RM60.0 billion worth of assets serving over six million customers throughout Malaysia. TNB's core activities are in the generation, transmission and distribution of electricity.
To date, TNB remains a major player in electricity generation which form a significant part of the Group's diversified range of business activities. The TNB Group has the largest generation capacity of 10,481 MW.