Khazanah Nasional
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| Khazanah Nasional | |
 |
|
| Type | Government-owned unlisted public limited company |
|---|---|
| Founded | 1993 |
| Headquarters | Kuala Lumpur, Malaysia |
| Key people | Abdullah Ahmad Badawi, Chairman Azman Mokhtar, Managing Director |
| Industry | Investment services |
| Products | N/A |
| Revenue | Undisclosed |
| Website | www.khazanah.com.my |
Khazanah Nasional Berhad is the investment holding arm of the government of Malaysia to manage its commercial assets. It is the trustee to the nation's financial assets. Its objectives are "to promote economic growth and make strategic investments on behalf of the government which would contribute towards nation building". It was incorporated in September, 1993 and began operations in 1994. It is structured into a holding company that is a wholly entity of the Ministry of Finance (MOF) which is part of the Malaysian Government.
Key principles of Khazanah Nasional's mandate as a strategic investment house include
- Creating sustainable value
- Increasing national competitiveness
- Cultivating a culture of high performance
These are to be achieved via four strategic initiatives
- 1. Legacy investments: streamline, restructure, develop
- 2. GLC transformation: Increase shareholder and strategic value
- 3. New investments: Develop new markets and cross border investments
- 4. Human Capital Management: New management practices and reward systems
As of 2005, most of its investments are in the fields of finance, telecommunications, utilities, communication services, information technology and transportation. Examples of well known Khazanah Nasional linked companies are Proton, MAS, UEM Group, Telekom Malaysia, Pos Malaysia, Tenaga Nasional and Astro All Asia Networks.
[edit] External links
- Khazanah Nasional
- KN Portfolio Companies
- GLCWatch Website providing information on Government Linked Corporations
