Our Investments
Our investments are guided by our mandate to deliver long-term, risk-adjusted returns while contributing to Malaysia’s economic development.
Our investments portfolio remains central to Khazanah’s financial performance. We invest across domestic and global markets, spanning public equities, private markets and real assets, capturing value across geographies, asset classes and sectors.
We adopt a disciplined and diversified investment strategy, balancing portfolio resilience, stewardship and sustainable value creation. Our investment strategy is underpinned by prudent capital allocation, active portfolio rebalancing and robust risk management practices. This enables Khazanah to maintain a strong balance sheet while preserving the flexibility to navigate across evolving market conditions and pursue new opportunities.
Global Investments
Geographical Exposure as at 31 Dec 2025
Malaysia
North America
Singapore
Europe
China
India
Others
Asset Classes in % of total portfolio
Public Markets: Malaysia
Public Markets: Global
Private Markets
Real Assets
We are an active participant in Malaysia’s capital markets to spur economic growth by
Reinvigorating the Malaysian Market
Crowd-in new private investments
Driving best-in class Performance
Hold Boards and management accountable for business strategy and performance
Future-proofing Corporate Malaysia
Right partners, management team, and owners for stage of business and life-cycle
Maturing the Regulatory Environment
Work with regulators to strive towards consistent, fair and sustainable policies
Malaysia Investment Strategy
Khazanah is committed to nation-building guided by our Malaysia Investment Strategy, supporting Malaysia’s strong economy
Malaysia Investment Strategy
Transforming Firms
Catalyse VC Ecosystem
Level-up Mid-Tier Companies
Strengthen Semiconductor Ecosystem
Uplift MY Market Performance
Energy Transition
Strengthen & Modernise Grid Infrasructure
Accelerate Renewable Energy Capacity
Prioritise Recycling & Recovery
Connectivity
Strengthen Long-Haul Connections to Boost MY’s Global Connectivity
Privatisation for Long-Term Sustainable Growth & Operational Excellence
Restore & Sustain National Heritage
Digitalisation
Core Enablers
Digital Tools
Digitalised Economy
Foundational Enablers
Capacity Building & Community Development
Dana Impak
Dana Impak focuses on building capacity and strengthening sectors that are critical to Malaysia’s future growth. Through a structured, programmatic approach, it enables firms to scale, enhances ecosystem development and supports the creation of more competitive and resilient industries.
Dana Warisan
Dana Warisan is a dedicated initiative established following Budget 2023 to preserve and revitalise Malaysia’s national heritage assets. It focuses on restoring historically significant sites and reintroducing them for contemporary use in a way that balances conservation, accessibility and long-term sustainability.
Dana Impak
Dana Impak focuses on building capacity and strengthening sectors that are critical to Malaysia’s future growth. Through a structured, programmatic approach, it enables firms to scale, enhances ecosystem development and supports the creation of more competitive and resilient industries.
Dana Warisan
Dana Warisan is a dedicated initiative established following Budget 2023 to preserve and revitalise Malaysia’s national heritage assets. It focuses on restoring historically significant sites and reintroducing them for contemporary use in a way that balances conservation, accessibility and long-term sustainability.