Who We Are – old
About Us
Khazanah Nasional Berhad is Malaysia’s sovereign wealth fund
Incorporated in 1993 and wholly owned by the Government, we are entrusted with managing the nation’s strategic assets and investments.
We operate across diverse sectors and geographies, on our dual as a sovereign investor and nation-builder. Through these mandates, we deliver sustainable returns while undertaking catalytic investments that drive, long-term national development.
Guided by our Advancing Malaysia strategy, we seek to unlock value in public and private markets, grow Malaysian talent, firms and ecosystems and while positioning the country competitively in a changing global landscape.
Our Purpose
Khazanah bridges government, markets, and society to create enduring value for Malaysia.
Sitting at the nexus of the government, private sector, and rakyat (community) of Malaysia, we play an important role in developing the nation, driven by our strategy in Advancing Malaysia.
Our foremost aim is to deliver strong long-term risk-adjusted returns across our portfolio, while also playing a role in catalysing the growth of emerging sectors and companies within the nation, contributing towards the nation’s long-term competitiveness and prosperity.
Ultimately, our activities and investments are anchored towards delivering long lasting impact towards a better Malaysia for all.
Advancing Malaysia, for the Long-Term
Four Strategic Imperatives to deliver our purpose
Our Strategic Imperatives guide our thoughts and actions, providing steer towards fulfilling our purpose as Malaysia’s sovereign wealth fund.
Our core values guide us in our conduct, shape our culture, and define us as an organisation.
Active Corporate Player in Malaysia’s capital markets, spurring economic growth.
Dana Impak to invest in catalytic sectors that strengthen the country’s resilience and open new growth opportunities.
Global Investor to grow our portfolio, while finding opportunities to facilitate the flow of knowledge, networks, and investment opportunities into Malaysia.
Building Capacity and Vibrant Communities to nurture a stronger and more resilient community for the benefit of Malaysians through our activities and affiliated entities.
Building on Our Financial Strength
Creating a Sustainable Future
Developing a Winning Team
Investing to Deliver Sustainable Value for Malaysians
Active Corporate Player in Malaysia’s capital markets, spurring economic growth.
Dana Impak to invest in catalytic sectors that strengthen the country’s resilience and open new growth opportunities.
Global Investor to grow our portfolio, while finding opportunities to facilitate the flow of knowledge, networks, and investment opportunities into Malaysia.
Building Capacity and Vibrant Communities to nurture a stronger and more resilient community for the benefit of Malaysians through our activities and affiliated entities.
Building on Our Financial Strength
Creating a Sustainable Future
Developing a Winning Team
Our Long-term Strategy
Our Malaysia investment strategy is anchored on the A Nation That Creates framework, which focuses on transforming firms, accelerating the national energy transition, improving connectivity, advancing digital infrastructure and delivering catalytic impact across communities. These efforts align with national priorities and are undertaken in collaboration with other GLICs.
Our Core Values
Our core values guide us in our conduct, shape our culture, and define us as an organisation, and in how we operate with one another, our partners and stakeholders.
01 /
We hold ourselves Accountable
Delivering results in an ethical manner
02 /
We Respect different viewpoints
Deriving value from diverse ideas and opinions
03 /
We Support one another
Being mindful of the priorities and circumstances of others
Our History & Milestones
Khazanah commenced operations in 1994, assuming a custodial role in managing the Government’s commercial assets and investing in strategic and high-technology sectors. In 2004, we undertook an expanded and more active investment approach, which includes enhancing the performance of our existing core holdings while seeking opportunities in new economic sectors and geographies.
The timeline below highlights our key milestones since 1994:
2023
- Launch of Future Malaysia Programme under Dana Impak to spur the local start-up ecosystem
- Joint venture with Sunway Education Group (“SEG”) to establish 42 Malaysia (“42MY”), an innovative peer-to-peer computer science school
- Successfully priced a USD1.5bn dual-tranche senior offering, comprising 5-year USD750 million Sukuk due 2028 and a 10-year USD750 million conventional bond due 2033 (the “Securities”).
- Khazanah invested in homegrown full-stack InsurTech company, PolicyStreet, to enhance protection for Malaysia’s underserved market
- Khazanah invested in homegrown full-stack InsurTech company, PolicyStreet, to enhance protection for Malaysia’s underserved market
- Khazanah spearheads green investment platform through UEM Group to attract new direct investments into Malaysia
- Khazanah partnered with Antler, a global venture capital firm to invest in Malaysia
- Khazanah and Khazanah Research Institute, in collaboration with the World Economic Forum, launches Community Report titled “Mobilizing Investments for Clean Energy in Malaysia
2023
- CDP Group and Khazanah Nasional Berhad signs MoU, strengthening economic relations and promote two-way investments
- Khazanah Impact Innovation Challenge 2023 “Tackling the Climate Challenge for Malaysia’s Food Security
- Khazanah Residency Programmes introduced a new programme under Sustainabiliy pillar.
- Galeri Khazanah continues with its third virtual exhibition
- 8,381 youths have been trained and placed under the Khazanah Youth Development Programme (K-Youth)
- Taman Tugu received more than 1 million visitors since commencing operations in 2018
2022
- GLC Open Day 2022
- Successful IPO of Farm Fresh with a valuation of RM2.51 billion – one of the largest IPOs on Bursa Malaysia in 2022
- Think City and partners break ground with the historic Esplanade seawall and public promenade in Penan
- Strategic partnership formed with SK ecoplant to accelerate Cenviro’s growth into a regional resource management champion
- Think City presents Rights to the City, the first Public Housing Liveability Conference
2022
- Launch of the Khazanah Sustainability Framework and Targets: Investing in a Sustainable Transition 2022
- Taman Tugu celebrates World Environment Day with the handover of the Taman Tugu land agreement from Kuala Lumpur City Hall to Amanah Warisan Negara (AWAN)
- Launch of our virtual art gallery, Galeri Khazanah, with an accompanying mini exhibition
2021
- MAGB restructuring approved
- Dana Impak announced with RM6bn commitment
- Khazanah Impact Innovation Challenge- “Enhancing Ageing Services for Malaysian” launched
- MySTEP programme launched with Khazanah partnering GLCs and industry players
- 400 devices donated under Tabung Cerdik
- PERKUKUH launched by MOF
2020
- PLUS toll rates reduction
- YH and TM coordinated the GLC/GLIC Disaster Response Network (“GDRN”) support against Covid-19
- Khazanah contributed RM20m to Covid-19 relief
- YH launched Hasanah Special Grant 2020
- TAR&H launched Anantara and One&Only, Desaru Coast
2017
2016
- Khazanah invested in edotco
- Khazanah launched second tranche of SRI Sukuk
- Khazanah Nasional Entrepreneurship Outreach launched
- MAVCOM established
- MAGB formed
- Khazanah launched Ulama Nusantara documentary
- Taman Tugu Project launched
2015
2014
- Khazanah issued RM100m 7-year Sustainable and Responsible Investment (“SRI”) Sukuk (world’s first RM-denominated SRI sukuk)
- London office begins operations
- Khazanah contributed RM20m to aid flood relief efforts
- Completion of the GLC Transformation Programme
- XL Axiata completed Axis acquisition
- Cenviro transferred from UEM Group to Khazanah
- Khazanah invested in mass housing developer 8990 Holdings
- Pinewood Iskandar Malaysia Studios established
- AS Recovery Plan launched
- Alibaba IPO
2013
- Mitsui acquired 20% stake in Medini Iskandar
- Khazanah Research Institute established
- Khazanah-Huawei and Khazanah-Beijing Enterprises collaboration announced
- Opening of Turkey and US offices
- M+S DUO Residences launched in SG
- Acquisition of Acibadem Sigorta
- Yayasan Hasanah established
- Khazanah contributed RM10m to aid flood relief efforts
2012
2011
- LEGOLAND Malaysia launched
- Khazanah and IHH acquired 75% of Acibadem
- KidZania Kuala Lumpur launched
- Privatisation of PLUS completed
- Inaugural Renminbi (“RMB”) sukuk launched by Khazanah (world’s first RMB offshore sukuk)
- Announcement of M+S (developments in both SG and Iskandar)
2010
- Teach for Malaysia established
- Yayasan Amir established
- Inaugural SGD sukuk launched
- Y-SG Points of Agreement settlement
- Parkway takeover (leading to IHH incorporation)
2009
2008
- Graduate Employability Management Scheme (“GEMS”) launched
- Yayasan Sejahtera established
- Teluk Datai master development plan launched
- White Book on Creating Value Through Regulatory Management launched
- High-speed Broadband launched (partnership between GoM and TM)
- China and India offices established
- TM-TMI demerged (resulting in formation of Axiata)
2007
2006
- TM exchangeable sukuk issued (first ever Syariah-compliant exchangeable sukuk issued by Khazanah)
- Yayasan Khazanah established
- Khazanah Merdeka Series launched
- Khazanah Koridor Utara Office established
- Completion of CIMB’s takeover of Southern Bank
- Launched the GLC Transformation Programme ‘coloured books’
- Graduate Employability Enhancement Programme launched
- PINTAR Foundation launched
- Inaugural Khazanah Megatrends Forum held
- Iskandar Malaysia launched
2002
2001
- Listing of PLUS
- Widespread Asset Unbundling at Malaysia Airlines
- Acquired UEM via Danasaham
20
2023
We introduced the Future Malaysia Programme under Dana Impak to boost the domestic start-up landscape
We extended Galeri Khazanah’s reach through its third digital exhibition
We completed a USD1.5 billion senior dual-tranche deal, issuing a 5-year USD750 million Sukuk and a 10-year USD750 million conventional bond due in 2028 and 2033 respectively
We backed PolicyStreet, a Malaysian InsurTech provider, to improve insurance access for underserved segments
We rolled out a green investment platform via UEM Group to draw foreign direct capital into Malaysia
We collaborated with Antler, a global venture investor, to channel funding into Malaysian opportunities
We released a Community Report titled “Mobilising Investment for Clean Energy in Malaysia” with the World Economic Forum through Khazanah Research Institute
We signed a memorandum of understanding with CDP Group to enhance bilateral investments and economic links
We launched the Khazanah Impact Innovation Challenge 2023 to address climate issues and food security in Malaysia
We unveiled a new Sustainability pillar initiative through our Khazanah Residency Programmes
We extended Galeri Khazanah’s reach through its third digital exhibition
We facilitated training and job placements for 8,381 participants under the Khazanah Youth Development Programme (K-Youth)
We recorded over 1 million visits to Taman Tugu since it opened in 2018
We published 39 research outputs through Khazanah Research Institute in 2023, covering urban poverty, youth, employment, climate, finance, agriculture, food systems and digital shifts
We disbursed RM54.2 million in grants through Yayasan Hasanah for education, social projects, environment, rural development and arts. We also honoured 18 textile artisans through the Hasanah Gold Threads Awards 2023
We enabled a Climate Resilience Baseline Study in Kuala Kangsar with Think City, contributing to local adaptation strategies
We activated Urban Greening Grants in Penang with Think City to promote solutions rooted in nature
We launched the SEACAR Alliance at COP28 through Think City with Boston Consulting Group and WWF to advance AI, climate data and nature-based responses
We finalised the Climate-resilient Street Tree Species Study (CRSTS) with Think City, offering climate data insights for 220 tree species
2022
We organised the GLC Open Day 2022
We completed the IPO of Farm Fresh with a valuation of RM2.51 billion, marking one of the largest listings on Bursa Malaysia in 2022
We began restoration with Think City and partners on the Esplanade seawall and public promenade in Penang
We formed a strategic partnership with SK ecoplant to drive Cenviro’s growth as a regional resource management leader
We hosted the inaugural Public Housing Liveability Conference, Rights to the City, through Think City
We introduced the Khazanah Sustainability Framework and Targets through the 2022 initiative: Investing in a Sustainable Transition
We celebrated World Environment Day at Taman Tugu with the official transfer of the land agreement from Kuala Lumpur City Hall to Amanah Warisan Negara (AWAN)
We launched Galeri Khazanah as a digital platform, accompanied by a curated mini showcase
We launched Arts for all Seasons (ArtFAS) through Yayasan Hasanah
We completed the Celcom-Digi consolidation, forming Bursa Malaysia’s largest telecoms entity
2021
We received approval for the restructuring of MAGB
We introduced Dana Impak with a funding commitment of RM6 billion
We launched the Khazanah Impact Innovation Challenge, focused on improving ageing services for Malaysians
We collaborated with GLCs and industry stakeholder to roll out the MySTEP programme
We contributed 400 digital devices through Tabung Cerdik
We supported the Ministry of Finance on the launch of PERKUKUH
2020
We implemented toll rate reductions for PLUS highways
We coordinated Covid-19 response efforts under the GLC/GLIC Disaster Response Network (GDRN) with TM and YH
We allocated RM20 million towards Covid-19 relief initiatives
We launched the Hasanah Special Grant 2020 through YH
We launched the Anantara and One&Only resorts at Desaru Coast through TAR&H
2019
We opened The Westin Resort at Desaru Coast
We completed the divestment of Duo offices and retail space under M+S
We transferred ownership of Prince Court Medical Centre to IHH
2018
We announced the acquisition of Prince Court Medical Centre
We opened the Hard Rock Hotel & Resort at Desaru Coast
We were named on the Bretton Woods II Leaders List as one of the 25 Most Responsible Asset Allocators globally
We made an investment in Ant Financial
2017
We invested in edotco
We issued the second tranche of our SRI Sukuk
We launched the Khazanah Nasional Entrepreneurship Outreach programme
2016
We established MAVCOM
We formed MAGB
We released the Ulama Nusantara documentary
2015
We issued a RM100 million 7-year Sustainable and Responsible Investment (SRI) Sukuk, marking the world’s first RM-denominated SRI sukuk
We commenced operations at our London office
We contributed RM20 million to support flood relief efforts
We completed the GLC Transformation Programme
2014
We assumed ownership of Cenviro following its transfer from UEM Group
We made an investment in 8990 Holdings, a mass housing developer
We supported the establishment of Pinewood Iskandar Malaysia Studios
We launched the MAS Recovery Plan
We acknowledged the Alibaba IPO as part of our broader investment exposure
2013
We supported Mitsui’s acquisition of a 20% stake in Medini Iskandar
We established the Khazanah Research Institute
We announced the collaboration with Huawei and Beijing Enterprises
We opened new offices in Turkey and the United States
We launched M+S DUO Residences in Singapore
We acquired Acibadem Sigorta
We set up Yayasan Hasanah
We contributed RM10 million to flood relief efforts
2012
We launched LEGOLAND Malaysia
We acquired a 75% stake in Acibadem in partnership with IHH
We opened KidZania in Kuala Lumpur
We finalised the privatisation of PLUS
We launched M+S DUO Residences in Singapore
2011
We launched the inaugural Renminbi (RMB) sukuk, marking the world’s first RMB-denominated offshore issuance
We announced the formation of M+S to drive developments in Singapore and Iskandar
2010
We supported the establishment of Teach for Malaysia
We facilitated the setup of Yayasan Amir
We launched our first sukuk denominated in Singapore dollars (SGD)
We concluded the Malaysia–Singapore Points of Agreement settlement
We completed the Parkway acquisition, which led to the formation of IHH
2009
We launched the Graduate Employability Management Scheme (GEMS)
We launched the Teluk Datai master development plan
2008
We launched the White Book on Creating Value Through Regulatory Management
We partnered with the Government of Malaysia and TM to launch the High-Speed Broadband initiative
We opened new offices in China and India
We completed the TM–TMI demerger, leading to the formation of Axiata
2007
We issued the first Syariah-compliant exchangeable sukuk linked to TM
We set up Yayasan Khazanah
We launched the Khazanah Merdeka Series
We established the Khazanah Koridor Utara Office
We noted the completion of CIMB’s acquisition of Southern Bank
2006
We introduced the GLC Transformation Programme ‘coloured books’
We launched the Graduate Employability Enhancement Programme
We established the PINTAR Foundation
We hosted the first Khazanah Megatrends Forum
We launched Iskandar Malaysia
2005
We conducted a feasibility study for the development of Iskandar
We initiated our first round of overseas investments in Indonesia, China, India and Saudi Arabia
We released the Blue Book to strengthen performance management
We launched the GLC Transformation Programme
2004
We began our strategic revamp with a mandate to act as an active shareholder and lead the GLC Transformation Programme
2002
We listed PLUS on the stock exchange
We carried out widespread asset unbundling at Malaysia Airlines
2001
We acquired UEM through Danasaham
19
1999
We took on a catalytic role in advancing new technology investments
1995
We led the development of Putrajaya through Putrajaya Holdings
We added MAHB and STLR to our portfolio
1994
We commenced operations
Khazanah’s Affiliations
We recognize that driving sustainable progress requires shared learning and collective action.
To stay attuned to both regional and global developments, we maintain active participation in the following initiatives. These engagements allow us to contribute to thought leadership, stay aligned with best practices, and remain involved in relevant policy dialogues.
