Who We Are
About Us
Khazanah Nasional Berhad is Malaysia’s sovereign wealth fund
Incorporated in 1993 and wholly owned by the Government, we are entrusted with managing the nation’s strategic assets and investments.
We operate across diverse sectors and geographies, on our dual as a sovereign investor and nation-builder. Through these mandates, we deliver sustainable returns while undertaking catalytic investments that drive, long-term national development.
Guided by our Advancing Malaysia strategy, we seek to unlock value in public and private markets, grow Malaysian talent, firms and ecosystems and while positioning the country competitively in a changing global landscape.
Our Purpose
Khazanah bridges government, markets, and society to create enduring value for Malaysia.
Our purpose is anchored in delivering financial returns while supporting the nation’s broader development goals.
We invest responsibly across asset classes and sectors, balancing commercial discipline with national impact. From scaling firms and strengthening industries to enabling inclusive community growth, we aim to catalyse meaningful outcomes that benefit Malaysians for the long term.
Advancing Malaysia, for the Long-Term
Our long-term strategy, Advancing Malaysia, balances sustainable financial returns with nation-building outcomes. It is guided by four strategic imperatives that shape our portfolio decisions and impact ambitions.
Our core values guide us in our conduct, shape our culture, and define us as an organisation.
Active Corporate Player in Malaysia’s capital markets, spurring economic growth.
Dana Impak to invest in catalytic sectors that strengthen the country’s resilience and open new growth opportunities.
Global Investor to grow our portfolio, while finding opportunities to facilitate the flow of knowledge, networks, and investment opportunities into Malaysia.
Building Capacity and Vibrant Communities to nurture a stronger and more resilient community for the benefit of Malaysians through our activities and affiliated entities.
Building on Our Financial Strength
Creating a Sustainable Future
Developing a Winning Team
Our Long-term Strategy
Our Malaysia investment strategy is anchored on the A Nation That Creates framework, which focuses on transforming firms, accelerating the national energy transition, improving connectivity, advancing digital infrastructure and delivering catalytic impact across communities. These efforts align with national priorities and are undertaken in collaboration with other GLICs.
Our Core Values
Our core values define who we are. They guide our conduct, shape our culture and inform how we engage with our partners, stakeholders and communities.
01 /
We hold ourselves Accountable
Delivering results in an ethical manner
02 /
We Respect different viewpoints
Deriving value from diverse ideas and opinions
03 /
We Support one another
Being mindful of the priorities and circumstances of others
Our History & Milestones
Khazanah was formed in 1993 to manage the Government’s commercial interests and lead investments in strategic and high-technology areas.
In 2004, we transitioned to a more assertive investment direction, aimed at driving value from core assets while tapping into emerging sectors and international markets.
The timeline below presents our major milestones since 1994:
20
2023
We introduced the Future Malaysia Programme under Dana Impak to boost the domestic start-up landscape
We extended Galeri Khazanah’s reach through its third digital exhibition
We completed a USD1.5 billion senior dual-tranche deal, issuing a 5-year USD750 million Sukuk and a 10-year USD750 million conventional bond due in 2028 and 2033 respectively
We backed PolicyStreet, a Malaysian InsurTech provider, to improve insurance access for underserved segments
We rolled out a green investment platform via UEM Group to draw foreign direct capital into Malaysia
We collaborated with Antler, a global venture investor, to channel funding into Malaysian opportunities
We released a Community Report titled “Mobilising Investment for Clean Energy in Malaysia” with the World Economic Forum through Khazanah Research Institute
We signed a memorandum of understanding with CDP Group to enhance bilateral investments and economic links
We launched the Khazanah Impact Innovation Challenge 2023 to address climate issues and food security in Malaysia
We unveiled a new Sustainability pillar initiative through our Khazanah Residency Programmes
We extended Galeri Khazanah’s reach through its third digital exhibition
We facilitated training and job placements for 8,381 participants under the Khazanah Youth Development Programme (K-Youth)
We recorded over 1 million visits to Taman Tugu since it opened in 2018
We published 39 research outputs through Khazanah Research Institute in 2023, covering urban poverty, youth, employment, climate, finance, agriculture, food systems and digital shifts
We disbursed RM54.2 million in grants through Yayasan Hasanah for education, social projects, environment, rural development and arts. We also honoured 18 textile artisans through the Hasanah Gold Threads Awards 2023
We enabled a Climate Resilience Baseline Study in Kuala Kangsar with Think City, contributing to local adaptation strategies
We activated Urban Greening Grants in Penang with Think City to promote solutions rooted in nature
We launched the SEACAR Alliance at COP28 through Think City with Boston Consulting Group and WWF to advance AI, climate data and nature-based responses
We finalised the Climate-resilient Street Tree Species Study (CRSTS) with Think City, offering climate data insights for 220 tree species
2022
We organised the GLC Open Day 2022
We completed the IPO of Farm Fresh with a valuation of RM2.51 billion, marking one of the largest listings on Bursa Malaysia in 2022
We began restoration with Think City and partners on the Esplanade seawall and public promenade in Penang
We formed a strategic partnership with SK ecoplant to drive Cenviro’s growth as a regional resource management leader
We hosted the inaugural Public Housing Liveability Conference, Rights to the City, through Think City
We introduced the Khazanah Sustainability Framework and Targets through the 2022 initiative: Investing in a Sustainable Transition
We celebrated World Environment Day at Taman Tugu with the official transfer of the land agreement from Kuala Lumpur City Hall to Amanah Warisan Negara (AWAN)
We launched Galeri Khazanah as a digital platform, accompanied by a curated mini showcase
We launched Arts for all Seasons (ArtFAS) through Yayasan Hasanah
We completed the Celcom-Digi consolidation, forming Bursa Malaysia’s largest telecoms entity
2021
We received approval for the restructuring of MAGB
We introduced Dana Impak with a funding commitment of RM6 billion
We launched the Khazanah Impact Innovation Challenge, focused on improving ageing services for Malaysians
We collaborated with GLCs and industry stakeholder to roll out the MySTEP programme
We contributed 400 digital devices through Tabung Cerdik
We supported the Ministry of Finance on the launch of PERKUKUH
2020
We implemented toll rate reductions for PLUS highways
We coordinated Covid-19 response efforts under the GLC/GLIC Disaster Response Network (GDRN) with TM and YH
We allocated RM20 million towards Covid-19 relief initiatives
We launched the Hasanah Special Grant 2020 through YH
We launched the Anantara and One&Only resorts at Desaru Coast through TAR&H
2019
We opened The Westin Resort at Desaru Coast
We completed the divestment of Duo offices and retail space under M+S
We transferred ownership of Prince Court Medical Centre to IHH
2018
We announced the acquisition of Prince Court Medical Centre
We opened the Hard Rock Hotel & Resort at Desaru Coast
We were named on the Bretton Woods II Leaders List as one of the 25 Most Responsible Asset Allocators globally
We made an investment in Ant Financial
2017
We invested in edotco
We issued the second tranche of our SRI Sukuk
We launched the Khazanah Nasional Entrepreneurship Outreach programme
2016
We established MAVCOM
We formed MAGB
We released the Ulama Nusantara documentary
2015
We issued a RM100 million 7-year Sustainable and Responsible Investment (SRI) Sukuk, marking the world’s first RM-denominated SRI sukuk
We commenced operations at our London office
We contributed RM20 million to support flood relief efforts
We completed the GLC Transformation Programme
2014
We assumed ownership of Cenviro following its transfer from UEM Group
We made an investment in 8990 Holdings, a mass housing developer
We supported the establishment of Pinewood Iskandar Malaysia Studios
We launched the MAS Recovery Plan
We acknowledged the Alibaba IPO as part of our broader investment exposure
2013
We supported Mitsui’s acquisition of a 20% stake in Medini Iskandar
We established the Khazanah Research Institute
We announced the collaboration with Huawei and Beijing Enterprises
We opened new offices in Turkey and the United States
We launched M+S DUO Residences in Singapore
We acquired Acibadem Sigorta
We set up Yayasan Hasanah
We contributed RM10 million to flood relief efforts
2012
We launched LEGOLAND Malaysia
We acquired a 75% stake in Acibadem in partnership with IHH
We opened KidZania in Kuala Lumpur
We finalised the privatisation of PLUS
We launched M+S DUO Residences in Singapore
2011
We launched the inaugural Renminbi (RMB) sukuk, marking the world’s first RMB-denominated offshore issuance
We announced the formation of M+S to drive developments in Singapore and Iskandar
2010
We supported the establishment of Teach for Malaysia
We facilitated the setup of Yayasan Amir
We launched our first sukuk denominated in Singapore dollars (SGD)
We concluded the Malaysia–Singapore Points of Agreement settlement
We completed the Parkway acquisition, which led to the formation of IHH
2009
We launched the Graduate Employability Management Scheme (GEMS)
We launched the Teluk Datai master development plan
2008
We launched the White Book on Creating Value Through Regulatory Management
We partnered with the Government of Malaysia and TM to launch the High-Speed Broadband initiative
We opened new offices in China and India
We completed the TM–TMI demerger, leading to the formation of Axiata
2007
We issued the first Syariah-compliant exchangeable sukuk linked to TM
We set up Yayasan Khazanah
We launched the Khazanah Merdeka Series
We established the Khazanah Koridor Utara Office
We noted the completion of CIMB’s acquisition of Southern Bank
2006
We introduced the GLC Transformation Programme ‘coloured books’
We launched the Graduate Employability Enhancement Programme
We established the PINTAR Foundation
We hosted the first Khazanah Megatrends Forum
We launched Iskandar Malaysia
2005
We conducted a feasibility study for the development of Iskandar
We initiated our first round of overseas investments in Indonesia, China, India and Saudi Arabia
We released the Blue Book to strengthen performance management
We launched the GLC Transformation Programme
2004
We began our strategic revamp with a mandate to act as an active shareholder and lead the GLC Transformation Programme
2002
We listed PLUS on the stock exchange
We carried out widespread asset unbundling at Malaysia Airlines
2001
We acquired UEM through Danasaham
19
1999
We took on a catalytic role in advancing new technology investments
1995
We led the development of Putrajaya through Putrajaya Holdings
We added MAHB and STLR to our portfolio
1994
We commenced operations