Khazanah Nasional

Khazanah Nasional Berhad
FormerlyKhazanah Holdings Berhad (1994–1996)
Company typeState-owned
IndustrySovereign wealth fund
FoundedSeptember 3, 1993; 31 years ago (1993-09-03)
HeadquartersKuala Lumpur, Malaysia
Key people
Revenue
  • Decrease MYR 7.81 billion (2023)
  • MYR 8.02 billion (2022)
  • Increase MYR 5.89 billion (2023)
  • MYR 1.63 billion (2022)
  • Increase MYR 4.95 billion (2023)
  • MYR 0.97 billion (2022)
Total assets
  • Increase MYR 93.92 billion (2023)
  • MYR 86.82 billion (2022)
Total equity
  • Increase MYR 42.74 billion (2023)
  • MYR 36.72 billion (2022)
OwnerGovernment of Malaysia
Number of employees
353 (2022)
ParentMalaysian Ministry of Finance
Subsidiaries
Websitewww.khazanah.com.my

Khazanah Nasional Berhad (lit. 'National Treasure Limited'; doing business as Khazanah Nasional or simply Khazanah) is the sovereign wealth fund of the Government of Malaysia.[2] One of the largest sovereign wealth funds in the world,[3][4] it was established to invest surplus revenues for Malaysia. Through its investments and activities, the fund seeks to deliver sustainable economic and societal benefit for the nation. This includes achieving long-term risk-adjusted returns across the portfolio, as well as undertaking investments that catalyse new growth areas, strengthen Malaysia’s economic competitiveness, and contribute to priority socioeconomic outcomes.[5]

Headquartered in Kuala Lumpur, it has regional offices in the United States, Turkey, China, United Kingdom and India.[6] Khazanah's portfolio covers a broad spectrum of sectors. Its key focus investment areas include Leisure & Tourism, Banking, Sustainable Development, Healthcare and Consumerism. While it does not receive regular capital infusions, Khazanah relies on its ability to generate returns and tapping capital markets to fund its investments.[7]

Khazanah is a member of the International Forum of Sovereign Wealth Funds (IFSWF),[8] which maintains and promotes the Santiago Principles on best practices in managing sovereign wealth funds. It is also a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI), signatory of the Malaysian Code for Institutional Investors and a member of the Institutional Investor Council  Malaysia (IIC), a member of the FCLT Global (Focusing Capital on the Long Term), and signatory of the Malaysian Anti-Corruption Commission's (MACC) Corporate Integrity Pledge.[9]

It is owned by the Malaysian government and administered by the Minister of Finance Incorporated, except for one share held by the Federal Land Commissioner. It is governed by a board of directors comprising representatives from the Government and the corporate sector with diverse professional backgrounds and expertise. In October 2023, the fund has US$35.8 billion in assets under management.[10] Khazanah is one of the two Malaysia's government-linked investment companies (GLICs) that manages money from the government's excess funds, the other being Retirement Fund (Incorporated).[11]

  1. ^ "Khazanah appoints Dato' Amirul Feisal Wan Zahir as Managing Director" (Press Release). Khazanah Nasional. 29 June 2021. Retrieved 23 April 2022.
  2. ^ Zuraimi Abdullah (23 March 2023). "Is Khazanah Nasional's star dimming?". New Straits Times. Retrieved 19 April 2023.
  3. ^ Jikon Lai (29 March 2012). "Khazanah Nasional: Malaysia's treasure trove". Journal of the Asia Pacific Economy. 17 (2). Taylor & Francis Online: 236–252. doi:10.1080/13547860.2012.668023. S2CID 153367392. Retrieved 23 April 2017.
  4. ^ Usman Hayat (30 July 2013). "Malaysia's Khazanah: Not Just a SWF But a "Nation Building Institution"". CFA Institute. Retrieved 23 April 2018.
  5. ^ "Khazanah continues growing its portfolio value, announces long-term strategies towards Advancing Malaysia". Khazanah Nasional. 2 March 2022. Retrieved 23 April 2022.
  6. ^ "Khazanah's investments in the United States" (Press Release). Khazanah Nasional. 15 September 2017. Retrieved 29 May 2018.
  7. ^ "Moody's, S&P assign Khazanah inaugural issuer credit rating of A3, A-". The Vibes. 27 April 2023. Retrieved 3 June 2023.
  8. ^ International Forum of Sovereign Wealth Funds. "IFSWF Our members". Archived from the original on 27 September 2016. Retrieved 24 September 2016.
  9. ^ "The Khaznah Report 2020: INVESTING FOR OUR FUTURE" (PDF). Khazanah Nasional. 7 June 2021. Retrieved 3 May 2022.
  10. ^ "Khazanah Nasional (Khazanah) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 27 June 2023.
  11. ^ Royce Tan (5 April 2019). "EPF, PNB not GLCs; only Khazanah, KWAP are: Shahril". The Star Online. Retrieved 18 July 2019.