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:

  • 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 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”
  • 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
  • Khazanah Research Institute completed 39 research publications across topics such as shelter and urban poverty, youth, jobs and unemployment, climate change, financialisation, food, security, agriculture, and digital transformation in 2023
  • Yayasan Hasanah allocated RM54.2 million in grants for projects related to education, community development, environment, arts & public spaces, social enterprise and rural infrastructure. 18 Malaysian Textile Artisans Recognised at the Prestigious Hasanah Gold Threads Awards 2023.
  • Supported by YH, Think City completed a Climate Resilience Baseline Study for Kuala Kangsar, incorporating findings into a strategy to address climate change challenges effectively.
  • Think City launched Urban Greening Grants in Penang to promote nature-based solutions for climate change.
  • Think City initiated the SEACAR Alliance at COP28, a coalition with Boston Consulting Group & WWF, emphasising the importance of nature-based solutions, climate analytics, and AI in advancing city and community resilience.
  • Think City completed a Climate-resilient Street Tree Species Study (CRSTS), providing climate resilience & vulnerability data for 220 species.
  • 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 Penang
  • 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
  • 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
  • Yayasan Hasanah launched Arts for all Seasons (ArtFAS)
  • Completion of the Celcom-Digi merger, forming the largest telecommunications company on Bursa Malaysia
  • 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
  • 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
  • Opening of The Westin Resort Desaru Coast
  • M+S divestment of Duo offices and retail space
  • Divestment of Prince Court Medical Centre to IHH​
  • Closure of London office
  • Prince Court Medical Centre acquisition announced
  • Opening of Hard Rock Hotel & Resort, Desaru Coast
  • Khazanah recognised in Bretton Woods II Leaders List as one of the 25 Most Responsible Asset Allocators globally
  • Khazanah invests in Ant Financial
  • 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
  • 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
  • MAS Recovery Plan launched
  • Alibaba IPO​
  • 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
  • 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)
  • Teach for Malaysia established
  • Yayasan Amir established
  • Inaugural SGD sukuk launched
  • MY-SG Points of Agreement settlement
  • Parkway takeover (leading to IHH incorporation)
  • 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)
  • 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
  • Feasibility study on the development of Iskandar
  • Made first wave of overseas investments in Indonesia, China, India and Saudi Arabia
  • Launched the Blue Book (Intensifying Performance Management)
  • Launched the GLC Transformation Programme
  • Start of Khazanah’s strategic revamp (Mandate: To be an active shareholder and drive GLC Transformation Programme)​
  • Listing of PLUS
  • Widespread Asset Unbundling at Malaysia Airlines
  • Acquired UEM via Danasaham
  • Khazanah began playing a catalytic role in new technology investments
  • Undertook development of Putrajaya via Putrajaya Holdings
  • MAHB and STLR placed in Khazanah portfolio
  • Khazanah commenced operations