Malaysia $26 Billion Sovereign Wealth Fund Khazanah Nasional Launches Malaysia First Tokenised Bond (Sukuk) with $25 Million (MYR 100 Million) Nominal Value in Pilot Program, Investors Include Credit Guarantee Corporation Malaysia Berhad, Kumpulan Wang Persaraan (KWAP) & OCBC
2nd May 2026 | Hong Kong
Malaysia sovereign wealth fund Khazanah Nasional ($26 billion AUM) has launched Malaysia first tokenised bond (Sukuk) with $25 million (MYR 100 million) nominal value in pilot program. The investors include Credit Guarantee Corporation Malaysia Berhad, Kumpulan Wang Persaraan (KWAP) & OCBC. Announcement (28/4/26): “Khazanah Nasional Berhad (“Khazanah”), in collaboration with the Securities Commission Malaysia (“SC”), has successfully priced Malaysia’s first tokenised sukuk with a nominal value of RM100 million, marking an important step in the application of digital technologies to support the future development of Malaysia’s domestic capital market. A tokenised bond (or sukuk) refers to a digital representation of the capital market product. This involves the adoption of Distributed Ledger Technology (“DLT”) to create the product in digital form, typically as a token. Tokenisation enables the creation of a digital record or “digital twin” of the capital market product that is cryptographically secure and immutable. The issuance forms part of the Sukuk Danum Programme – an Islamic Medium-Term Notes (“IMTN”) programme of up to RM20.0 billion in nominal value, with a one-year tenure for this inaugural tranche, structured based on the Shariah principle of Wakalah bi al-Istithmar. By merging shariah-compliant assets with DLT, this initiative aims to enhance accessibility, efficiency and transparency within the capital market, allowing 24/7 access to information to relevant stakeholders. The modernisation of the sukuk issuance process reinforces Malaysia’s leadership in Islamic finance innovation and sets a new digital benchmark for the domestic capital market. From a regulatory perspective, this initiative was executed as part of the SC’s pilot programme to facilitate market innovation through a collaborative approach. This structured approach ensures that the integration of emerging technologies remains consistent with market integrity and investor protection while providing the broader industry with a functional template. This lowers the technical and regulatory barriers for future corporate issuers. Through this transaction, Khazanah and SC successfully raised investor awareness while testing institutional readiness for tokenised sukuk workflows. The pilot brought together key financial institutions such as CIMB Group and Maybank, alongside investors including Credit Guarantee Corporation Malaysia Berhad (“CGC”), Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”), OCBC Bank (Malaysia) Berhad (“OCBC”), and other institutional participants. Through this joint effort, participants collaborated across the issuance value chain to align operational and technical workflows, while deepening market familiarity with tokenised instruments. Beyond its immediate success, this initiative validates the viability of sovereign-backed tokenised Sukuk, setting the stage for future phases that will continue to modernise Malaysia’s capital markets.” In 2026 February, Malaysia sovereign wealth fund Khazanah Nasional reported $26 billion (MYR 105 billion) AUM & +5.2% return for 2025, and +6.1% annualized return in last 7 years.
“ Malaysia $26 Billion Sovereign Wealth Fund Khazanah Nasional Launches Malaysia First Tokenised Bond (Sukuk) with $25 Million (MYR 100 Million) Nominal Value in Pilot Program, Investors Include Credit Guarantee Corporation Malaysia Berhad, Kumpulan Wang Persaraan (KWAP) & OCBC “
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Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah Nasional Berhad“As Malaysia’s sovereign wealth fund, Khazanah’s role is not only to generate returns, but also to support the development of the domestic capital market. This tokenised sukuk, in collaboration with the SC, reflects that role by taking a practical step towards exploring how digital technology can improve how we issue and manage capital market instruments. With Khazanah’s position in the market and the SC’s regulatory leadership, we are able to test this in a controlled and credible manner. This is not about introducing a new product for its own sake, but about building the foundations for a more efficient and transparent market over time. Khazanah remains committed to advancing Malaysia’s capital markets in a purposeful, measured and responsible manner. This pilot represents an important step in building the capabilities, confidence and ecosystem required for a more digitally enabled future and ensuring that innovation is anchored in strong governance, aligned with existing frameworks, and ultimately delivers long-term value to the nation.”
Dato’ Mohammad Faiz Azmi, SC Chairman: “We are collectively redefining the boundaries of the capital market. This unified commitment signals Malaysia’s readiness to shape the future of digital finance, ensuring we continue to set the global benchmark for Islamic finance innovation. This pilot reflects the direction set under the Capital Market Masterplan 2026-2030 to further strengthen Malaysia’s bond and sukuk market through innovation, enhanced market connectivity and improved execution efficiency. Tokenisation offers potential to improve transparency, broaden participation and support a more vibrant market, and initiatives such as this allow us to test those possibilities in a controlled and credible manner. By working closely with market participants, we are building the regulatory and market foundation for the next phase of development in Malaysia’s capital market.”
Malaysia Sovereign Wealth Fund Khazanah Nasional Reports $26 Billion AUM & +5.2% Return for 2025, +6.1% Annualized Return in Last 7 Years
11th February 2026 – Malaysia sovereign wealth fund Khazanah Nasional has reported $26 billion (MYR 105 billion) AUM & +5.2% return for 2025, and +6.1% annualized return in last 7 years. Announcement (10/2/26): “Khazanah Nasional Berhad (“Khazanah”) today released the Khazanah Annual Review 2026 (“KAR 2026”), reporting resilient performance for the year ended 31 December 2025 despite heightened geopolitical and geoeconomic uncertainties. Khazanah ended the year with net assets of RM105 billion and a 5.2% return for Financial Year 2025, underpinned by disciplined portfolio management and long-term value creation. Reflecting its long-term stewardship and strategic risk appetite, Khazanah also achieved a seven-year rolling annualised return of 6.1%. Resilient growth amid global volatility – Despite prevailing uncertainty in global markets shaped by the tariff war and geopolitical risks, Khazanah mirrored Malaysia’s sustained growth momentum, supported by progressive policies and the nation’s geopolitical neutrality. In 2025, total assets increased by RM5 billion to RM156 billion, reflecting steady portfolio growth over the long term. Khazanah’s financial performance is driven primarily by its Investments Portfolio which remains the mainstay of financial returns. The Investments Portfolio has grown from RM81 billion in 2018 to RM95 billion as at end-2025, underpinned by the robust performance of domestic and global equities, as well as value creation initiatives and diversification across the portfolio. Additionally, Khazanah recorded RM5.6 billion profit from operations and returned RM2 billion in dividends to the Government of Malaysia, reinforcing its role as a key contributor to the economic growth of the country. Since inception in 2004, Khazanah has recorded RM21.1 billion in cumulative dividends paid to the Government with RM93.1 billion in cumulative shareholder returns. Advancing Malaysia Through Strategic Execution – Under our Connectivity pillar within our Malaysia Investment Strategy, Khazanah progressed two key strategic initiatives. First, the completion of the privatisation of Malaysia Airport Holdings Berhad (“MAHB”), with transformation efforts underway to strengthen the nation’s global connectivity and competitiveness. The enhancement efforts are already yielding tangible results, with passenger movements rising 11.2% year-on-year to 104.4 million, supported by 15 new airlines commencing services and operations into Malaysia. Kuala Lumpur International Airport was also named as Asia Pacific’s top airport in OAG’s Megahubs 2025 report, ranking joint fourth globally and maintaining its status as the world’s leading low-cost carrier (LCC) Megahub. Second, Dana Warisan, an initiative under Warisan Kuala Lumpur (“Warisan KL”), achieved key conservation milestones including the reopening of Seri Negara and the restoration of Block 1 of the Bangunan Sultan Abdul Samad Complex in time for Visit Malaysia Year 2026. Since reopening in Dec 2025, the two sites have welcomed more than 14,500 visitors, reflecting strong public engagement and renewed interest in Malaysia’s national history and heritage. The restored and rejuvenated iconic buildings will further strengthen Kuala Lumpur as a dynamic economic and cultural hub, generate multiplier effects for local industries, reinforce national pride, and catalyse growth in tourism, connectivity, leisure and the creative sectors. Under the Transforming Firms pillar, Dana Impak continued to unlock new growth frontiers and deepen Malaysia’s economic complexity. Through Jelawang Capital, Malaysia’s National Fund of Funds, its first five fund managers have backed more than 10 startups and catalysed over RM30 million in crowded-in capital. Under Dana Impak, transformation initiatives across mid-tier companies have supported over 40 companies to strengthen operations, improve investor readiness, and uplift productivity. Since 2024, Khazanah has also enabled three Malaysian semiconductor and advanced manufacturing companies through strategic fund partnerships, unlocking growth pathways for local players. In parallel, Dana Impak’s investments into Syntiant, has resulted in the US-based edge-AI leader expanding operations into Penang, doubling production capacity and creating around 800 jobs for Malaysians. Building Capacity and Vibrant Communities – Beyond financial returns, Khazanah continues to deliver societal value through capacity and community development initiatives. In 2025, Khazanah deployed RM330 million towards these efforts, where since 2006, over RM2.7 billion has been channelled towards community development efforts nationwide. These efforts are delivered through our dedicated philanthropic arms including Yayasan Hasanah, Yayasan Khazanah, Khazanah Research Institute, Taman Tugu, and Think City. Khazanah’s K-Youth programme trained 9,934 youths (including 76% from B40 families and 79% Bumiputeras) in collaboration with 18 programme partners. Since its inception in 2023, more than 34,000 youths have been trained in key growth areas such as digital and technological innovation, semiconductors, and aviation. 2026: Moving Forward – Looking ahead in 2026, Malaysia’s outlook remains resilient, supported by strong private investment and foreign direct investment while global growth is expected to moderate. In response, Khazanah will continue to strengthen portfolio resilience through prudent liquidity and risk management, while actively optimising diversification.
Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah Nasional Berhad: “We are pleased to note that our disciplined approach and long-term investment horizon enabled us to deliver a resilient performance despite a more volatile global environment in 2025. Aligned with our strategy of Advancing Malaysia, Khazanah has continued to consistently fulfil its duty to grow Malaysia’s long-term wealth through risk-adjusted returns, creating value beyond financial outcomes by building capacity and vibrant communities. Supporting the Ekonomi MADANI agenda of raising both the floor and ceiling of our economy remains a priority of ours … … We are entrusted to steward national assets to grow Malaysia’s long-term wealth. This involves building a resilient, diversified portfolio that seeks to generate sustainable, risk-adjusted returns across economic cycles, while playing our part in advancing Malaysia’s economic priorities …. ….In the face of enduring global headwinds, Khazanah will accelerate execution of our planned initiatives to Advance Malaysia by optimising our long-term portfolio and delivering socioeconomic impact. We will continue to focus on national priorities, deliver sustainable returns, strengthen portfolio resilience across liquidity and risk dimensions while diversifying our global exposures.”
Malaysia Sovereign Wealth Fund Khazanah Nasional Reports $23 Billion AUM & $1.1 Billion Profit for 2024 with +24.6% Net Asset Value Return in Last 12 Months & +5.9% Net Asset Value Growth in Last 10 Years
12th February 2025 – Malaysia sovereign wealth fund Khazanah Nasional has reported $23 billion (MYR 103 billion) AUM & $1.1 billion profit for 2024 with +24.6% Net Asset Value (NAV) return (Time-Weighted Rate of Return, TWRR) in the last 12 months & +5.9% Net Asset Value growth in the last 10 years. Announcement (5/2/25): “Khazanah Nasional Berhad (“Khazanah”) today announced strong financial results for 2024 (ending 31st December 2024), as it continues its mandate to deliver sustainable returns for Malaysia and growing the nation’s long-term wealth. Malaysia’s economy also demonstrated strong resilience in 2024, with GDP growth expected to accelerate to between 4.8% to 5.3%. The Ringgit strengthened by 2.7% against the US dollar, and the FBM KLCI achieved an impressive 12.58% gain. This robust economic environment, along with Khazanah’s disciplined investment approach, contributed to our strong performance for the year, with NAV TWRR reaching 24.6%, a significant increase from 5.7% in 2023. Financial and Portfolio Performance – Khazanah achieved a profit from operations of RM5.1b in 2024, driven by disciplined monetisation strategies, steady dividend income and fair value gains from global public equities. Balance sheet remains healthy with RAV over debt ratio at 3.2x. Khazanah’s NAV in 2024 increased to RM103.6b compared to RM84.8b in 2023, marking a notable increase of RM18.8b. From an overall Khazanah portfolio perspective, overall NAV growth increased from RM33b in 2004 to RM104b in 2024, achieving a compounded annual growth rate (“CAGR”) of 5.9%. This growth aligns with Khazanah’s mandate to generate sustainable returns for the nation while enhancing Malaysia’s long-term wealth. While these results reflect strong overall performance, a relatively weaker performance was observed in the Private Market due to the lagged effects of higher interest rates, challenging financing and exit environment. Moving forward, Khazanah will continue to execute its value creation efforts and portfolio rebalancing strategy to strengthen the balance sheet and build a resilient financial position. Khazanah has declared a dividend of RM1b for 2024 to the Government of Malaysia, contributing to a cumulative total of RM19.1b in dividends paid since 2004.” In 2024 March, Malaysia sovereign wealth fund Khazanah Nasional has reported $18 billion AUM (MYR 85 billion, Assets under Management) & $1.26 billion profit (MYR 5.9 billion) for 2023, with the portfolio generating +5.7% return for last 1 year & +2.9% return for last 5 years (Time-Weighted Rate of Return, TWRR”).
Khazanah Managing Director, Dato’ Amirul Feisal Wan Zahir: “We achieved a significant growth in our portfolio in 2024, driven by the strong performance of our Malaysian investments, particularly our holdings in the major constituents outperforming the KLCI, on the back of strong domestic market performance, continued growth of public equities in developed markets and the recovery in emerging markets. Our positive performance is also driven by the Ekonomi MADANI framework, championed by the Prime Minister of Malaysia, showcasing how strategic investments and sustainable practices can drive inclusive economic growth … … We aim to maintain the strong momentum from 2024 and to ensure the successful execution of our value creation efforts through our long-term strategy of Advancing Malaysia, anchored on ‘A Nation That Creates’ approach to progress the country and build a better Malaysia, in line with the Ekonomi MADANI values of Innovation (Daya Cipta). This includes collaboration with other GLICs and leveraging on catalytic partnerships and innovations that will elevate the country’s competitiveness and productivity … … We are confident that Malaysia will continue to maintain resilient, bolstered by political stability and clear policy direction. The significant influx of investments from both foreign and domestic sources reflects the confidence in our nation’s potential for sustained growth. Indeed, we look forward to working with all parties – government, firms, NGOs, investors and the rakyat – as we continue in our mission of Advancing Malaysia.”
Khazanah Nasional Berhad is Malaysia’s sovereign wealth fund. Incorporated as a public limited company by Shares on 3 September 1993 and commenced operations in 1994, we are owned by the Minister of Finance (Incorporated), with the exception of one share held by the Federal Lands Commissioner (Incorporated). We invest across all levels of the Malaysian economy – from listed Malaysian companies to emerging sectors, as well as internationally across markets, asset classes, sectors and geographies
Malaysia Sovereign Wealth Fund Khazanah Nasional Reports $18 Billion AUM & $1.26 Billion Profit for 2023 with +5.7% Return for Last 1 Year & +2.9% Return for Last 5 Years
14th March 2024 – Malaysia sovereign wealth fund Khazanah Nasional has reported $18 billion AUM (MYR 85 billion, Assets under Management) & $1.26 billion profit (MYR 5.9 billion) for 2023, with the portfolio generating +5.7% return for last 1 year & +2.9% return for last 5 years (Time-Weighted Rate of Return, TWRR”). Announcement: “Khazanah Nasional Berhad (“Khazanah”) announced its financial results for the year ended 31 December 2023 today, recording strong performance amidst volatile global market conditions. 2023 was challenging for Khazanah and the global markets, influenced by the anticipated peak Federal Reserve rates, a slowdown in elevated inflation, tight monetary conditions, a concentrated rally in artificial intelligence (“AI”), weak growth in China, and ongoing geopolitical conflicts. Nevertheless, Khazanah remained resilient and demonstrated disciplined capital allocation to deliver sustainable returns while investing for the future and embedding sustainability across operations.” See below for full statement. Earlier in March 2024, Khazanah Nasional announced the appointment of Datuk Hisham Hamdan as Chief Investment Officer (6/3/24).
Khazanah Managing Director Dato’ Amirul Feisal Wan Zahir: “We delivered a stronger performance in 2023, more than three-fold in profit as compared to FY2022. Our commitment remains as we continue to leverage our value creation efforts and portfolio rebalancing approach to strengthen our balance sheet and build a resilient financial position. While 2024 is expected to be yet another challenging year globally with heightened political uncertainties, Advancing Malaysia will remain our overarching theme to steer our strategies and actions towards delivering national development and ensuring a sustainable future for Malaysia … … We are optimistic as we mark our 30-year anniversary this year, a milestone that is reflected through our collaborative efforts in nation-building as a sovereign wealth fund. As we forge ahead, we aim to grow our portfolio by executing value-creation plans for our Malaysian assets and ensuring a diversified portfolio through rebalancing and a disciplined investment approach. Our efforts and commitment to our stakeholders will continue to align with the goals of Ekonomi MADANI, fostering inclusive growth for all.”
11th March 2024 – Khazanah Nasional Berhad (“Khazanah”) announced its financial results for the year ended 31 December 2023 today, recording strong performance amidst volatile global market conditions. 2023 was challenging for Khazanah and the global markets, influenced by the anticipated peak Federal Reserve rates, a slowdown in elevated inflation, tight monetary conditions, a concentrated rally in artificial intelligence (“AI”), weak growth in China, and ongoing geopolitical conflicts. Nevertheless, Khazanah remained resilient and demonstrated disciplined capital allocation to deliver sustainable returns while investing for the future and embedding sustainability across operations
Financial and Portfolio Performance
Khazanah recorded profit from operations of RM5.9b, driven by higher dividends and distributions from investee companies, fair value gains, and capital preservation. Debt increased marginally to RM50.2b from RM49.1b in the previous year. Realisable Asset Value (“RAV”) over debt ratio remained healthy at 2.7x.
- NAV grew from RM33b in 2004 to RM85b in 2023, resulting in a compounded annual growth rate of 5.1%, fulfilling Khazanah’s mandate to deliver sustainable returns to the nation and growing Malaysia’s long-term wealth. The Investment Portfolio achieved a 5-Year Rolling NAV TWRR of 2.9% and a 1-year NAV TWRR of 5.7% amidst the challenging market landscape within this period. The returns improved in 2023, driven by the developed market portfolio and a partial recovery of our listed investee companies in Malaysia. In 2023, Khazanah deployed RM7.3b in new investments and raised RM7.2b from asset monetisation.
- Khazanah’s Airline and Tourism assets showed improved financial and operational performance. Malaysia Aviation Group Berhad (“MAGB”) recorded positive NIAT for the first time in a full year, while Destination Resorts and Hotels (“DRH”) made a strong recovery post-pandemic. No additional capital injections were required during the year.
- In April 2023, Khazanah received its first issuer credit rating of A3 and A- from Moody’s Investors Service and S&P Global Ratings, respectively. These investment grade credit ratings affirm Khazanah’s strong ability to meet its financial commitments, track record of sound investment and funding policies, and important role in growing Malaysia’s long-term wealth.
- Khazanah paid a dividend of RM1b for 2023 to the Government of Malaysia, with RM18.1b cumulative dividends paid since 2004.
Staying focused on Advancing Malaysia
Khazanah continued implementing its refreshed strategy and approach in 2023, anchored on Advancing Malaysia to deliver sustainable value for Malaysians.
- One notable achievement was the launch of the green investment platform, UEM Lestra Berhad (“UEM Lestra”), under Khazanah’s wholly owned subsidiary, UEM Group Berhad, in support of the Government’s aspirations of achieving net-zero emissions by 2050, outlined in the National Energy Transformation Roadmap (“NETR”).
- Dana Impak identified projects worth over RM800m across the six key themes, with new programmes launched to bolster Malaysia’s digital and startup ecosystem via financial investments and human capital development. Initiatives include the Future Malaysia Programme, Future Malaysia Skills, MSME Digitalisation and Khazanah Impact Innovation Challenge 2023 underscoring Khazanah’s commitment to investing in catalytic sectors. These efforts aim to enhance Malaysia’s economic competitiveness and socio-economic benefits, reinforcing Dana Impak as one of the key pillars under the Advancing Malaysia strategy.
- Khazanah also successfully met its 2023 Environmental, Social, and Governance (“ESG”) targets, which included achieving carbon-neutral operations, establishing a Diversity, Equity, and Inclusion (“DEI”) framework, and incorporating ESG-linked KPIs for key leadership positions across its portfolio companies.
Delivering Societal Value
Alongside financial achievements, Khazanah continued to deliver societal value and impact to the Malaysian community through its affiliated entities, focusing on building capacity and vibrant communities toward advancing Malaysia.
- In 2023, Yayasan Hasanah allocated RM54m in grant funding towards 119 impact-based projects across education, community development, environment, art and public spaces and knowledge impact areas.
- The Khazanah Research Institute (“KRI”) released 39 publications in the same year, providing crucial insights and policy recommendations. These studies played a pivotal role in supporting the Government and stakeholders in shaping policies for the well-being of Malaysians. Key policy proposals from KRI included studies on “Decent Shelter for the Urban Poor: A Study of Program Perumahan Rakyat (“PPR”)” and “The Returns to Malaysian Labour Part II – Wage gaps within and between subgroups from 2010 to 2019.”
- Taman Tugu, a non-profit initiative by Khazanah, emerged as a vital green space in the heart of Kuala Lumpur, attracting over one million visitors since its opening and serving as a hub for community engagements and environmental preservation.
- Think City, a wholly owned subsidiary of Khazanah focusing on making cities more resilient and liveable, took catalytic actions in 2023. Initiatives include the Kita-Untuk-Kita (K2K) programme enhanced public housing communities, and key revitalisation projects of Malaysian heritage buildings in the city to complement the overall Kuala Lumpur Creative and Cultural District strategic master plan.
Moving Forward
In 2024, the global macroeconomic and market environment is expected to remain challenging and volatile, with ongoing geopolitical conflicts in the Middle East, the continuation of the Russia-Ukraine War, and global competition between China and the US. Additionally, a significant global election cycle involving 76 countries representing over 60% of the world’s GDP will introduce further volatility. In this environment, Khazanah remains vigilant in its investment activities to maintain portfolio resilience through strategic diversification.
Khazanah’s Malaysia Strategy for 2024 will focus on four key areas that will guide the transformation and success of its Malaysian portfolio amidst evolving global megatrends:
- Connectivity: Enhancing Malaysia’s role as a hub through strategic investments in MAHB and MAGB, essential for attracting capital, investors, and talent in line with the New Industrial Master Plan 2030.
- Energy Transition: Supporting Malaysia’s goal of net zero emissions by 2050 through Khazanah’s leadership in TNB’s NETR execution and UEM Lestra’s green energy projects, to ensure a just and sustainable energy transition. UEM Lestra, along with other UEM Group of companies will undertake this initiative by investing in and building domestic champions in various green sectors comprising Renewable Energy and Storage as well as Green Buildings and Energy Efficiency.
- Digitalisation: Leading the digital transformation across its portfolio companies to boost productivity and global competitiveness.
- Catalytic/New Growth Areas: Through its Dana Impak initiative, Khazanah aims to invigorate ecosystems, collaborate with stakeholders, and influence policy for sustained economic growth and resilience.
This mission-based approach is set to drive long-term returns and sustainable value for the nation, aligning with the aspirations of Ekonomi MADANI to raise the ceiling and the floor.
In 2024, Dana Impak, through a combination of existing as well as new initiatives and programmes aims to commit an additional RM600m for Malaysian companies. The financial investment aims to support companies of varying sizes and stages of growth ranging from startups, MSMEs to medium-sized companies, with the dual objectives of nurturing local and regional champions, as well as catalysing new economic growth for the nation.
Additionally, Khazanah together with other GLCs and GLICs are committed to supporting the Government’s efforts in empowering and reforming the Bumiputera economic development agenda.
Malaysia $18 Billion Sovereign Wealth Fund Khazanah Nasional Appoints Datuk Hisham Hamdan as Chief Investment Officer, Joined Khazanah Nasional 13 Years Ago in 2011 from Malaysia Conglomerate Sime Darby, Current Chairman of UEM Sunrise & Board of Trustees of the Khazanah Research Institute
14th March 2024 – Malaysia $18 billion (RMB 85 billion) sovereign wealth fund Khazanah Nasional has announced the appointment of Datuk Hisham Hamdan as Chief Investment Officer (6/3/24). Datuk Hisham Hamdan had joined Khazanah Nasional 13 years ago in 2011 from Malaysia conglomerate Sime Darby. Datuk Hisham Hamdan has held various senior positions, including Executive Director of Public Markets and other senior roles in strategy and business development, healthcare, energy, utilities, and China. He is also the current Chairman of UEM Sunrise & Board of Trustees of the Khazanah Research Institute. Announcement (6/3/24): “Khazanah Nasional Berhad (“Khazanah”) is pleased to announce the appointment of Datuk Hisham Hamdan as its new Chief Investment Officer (“CIO”), effective 6 March 2024. The appointment of Datuk Hisham Hamdan as the new CIO allows for greater focus on building Khazanah’s capabilities as an investment institution and creating new capacity and competencies, especially to meet the company’s value creation and impact goals. Datuk Hisham Hamdan joined Khazanah in April 2011 from Sime Darby Berhad. He has held various senior positions, including Executive Director of Public Markets and other senior roles in strategy and business development, healthcare, energy and utilities, and China. Datuk Hisham also serves as the Chairman of UEM Sunrise and the Board of Trustees of the Khazanah Research Institute. Previously, he held the position of Chairman of UDA Holdings Berhad, was a member of the Board of Directors of Iskandar Investments Berhad and a member of the Board of ValueCap. He holds two degrees in Chemical Engineering and Industrial Management from Purdue University, United States. He has also attended the Harvard Business School’s Advanced Management Programme.” In 2023, Malaysia sovereign wealth fund Khazanah Nasional announced to setup a green investment platform. Malaysia Prime Minister Anwar Ibrahim had met with Khazanah Nasional board directors to discuss on investments that will benefit Malaysia economy, including on green & sustainable investments. The Khazanah Nasional green investment platform will focus all business stages, including startups and established businesses. Malaysia is the 5th largest economy in Southeast Asia (Indonesia, Thailand, Singapore, Philippines, Malaysia), and is the 2nd largest exporter of Palm Oil (Indonesia is the largest exporter of Palm Oil).
Khazanah Managing Director Dato’ Amirul Feisal Wan Zahir: “Our heartfelt congratulations to Datuk Hisham Hamdan on his appointment as the CIO of Khazanah Nasional. We are confident that his vast experience and knowledge will be an asset to Khazanah’s ongoing efforts in gearing up the organisation to build the required capacity as well as institutionalise talent development, part of our overall strategy in developing a winning team. This, along with our long-term strategy of Advancing Malaysia would further allow us to strengthen our position in facing the challenging global market condition.”
Khazanah Nasional Berhad is Malaysia’s sovereign wealth fund. Incorporated as a public limited company by Shares on 3 September 1993 and commenced operations in 1994, we are owned by the Minister of Finance (Incorporated), with the exception of one share held by the Federal Lands Commissioner (Incorporated). We invest across all levels of the Malaysian economy – from listed Malaysian companies to emerging sectors, as well as internationally across markets, asset classes, sectors and geographies.
Datuk Hisham Hamdan, Khazanah Nasional Chief Investment Officer
Datuk Hisham Hamdan joined Khazanah in April 2011 from Sime Darby Berhad. Since 2018, he has served as Head of Public Markets in Khazanah, which has a mandate to invest in more than 10 countries worldwide. Prior to Public Markets, he was responsible for the Auto, Agrifood and Iskandar Malaysia in Khazanah’s portfolio and served as Executive Director of Research. Datuk Hisham also serves as the Chairman of UEM Sunrise and the Board of Trustees of the Khazanah Research Institute. He has over 30 years of working experience in senior leadership and board positions. His expertise spans a variety of corporate structures, encompassing businesses in various sectors and multiple countries. During his career, he spent 12 years in the capital markets, focusing on equity research and investment banking, working with various international investment banks. During his tenure at Sime Darby, he served in various capacities since 2004, covering strategy and business development, healthcare, energy and utilities, and China. Previously, he held the position of Chairman of UDA Holdings Berhad, a member of the Board of Directors of Iskandar Investments Berhad, and a member of the Board of ValueCap. He holds two degrees in Chemical Engineering and Industrial management from Purdue University, United States. He has also attended the Harvard Business School’s Advanced Management Programme.
Malaysia Sovereign Wealth Fund Khazanah Nasional to Setup Green Investment Platform
29th June 2023 – Malaysia sovereign wealth fund Khazanah Nasional will be setting up a green investment platform. Malaysia Prime Minister Anwar Ibrahim had met with Khazanah Nasional board directors to discuss on investments that will benefit Malaysia economy, including on green & sustainable investments. The Khazanah Nasional green investment platform will focus all business stages, including startups and established businesses. Malaysia is the 5th largest economy in Southeast Asia (Indonesia, Thailand, Singapore, Philippines, Malaysia), and is the 2nd largest exporter of Palm Oil (Indonesia is the largest exporter of Palm Oil).
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