Khazanah Nasional
Khazanah Nasional (full name: Khazanah Nasional Berhad , shortened to Khazanah Nasional BHD ) is a state fund established by the government of Malaysia in 1993 and is based in Kuala Lumpur . It is administered by the Ministry of Finance. The CEO of the fund, which is located in the Petronas Twin Towers , has been Azman Bin Haji j Mokhtar since 2004, and the Chairman of the Board of Directors of the Malaysian Prime Minister Mahathir bin Mohamad .
Investment
The fund's assets at the end of 2013 were approximately $ 41 billion. He invests in telecommunications companies (including Axiata ), media and creative industries , services, information technology, transport and logistics companies, automotive suppliers, real estate, insurance and finance, energy generation and agriculture. The investment is also made abroad, especially in countries with a Muslim majority as well as in India and China, preferably in state-owned companies. The fund owns z. B. 90 percent of the shares in Turkey's largest hospital chain valued at around US $ 1.7 billion through its subsidiary Integrated Healthcare Holdings.
Khazanah Nasional has offices in Beijing , San Francisco , Istanbul and Palau Pinang, Malaysia. An office is to be opened in London soon.
With the increasing liberalization of Malaysia's economy, from 2005 to 2015 the fund is involved as a strategic arm of the government in restructuring and increasing the efficiency of Government-Linked Companies (GLCs) as part of the GLC Transformation Program (GLCT).
criticism
The close interweaving between business and politics, which is evident in the structures of the fund, has often been criticized, leading to political intrigues as well as fluctuations and losses in assets as a result of political changes. CEO Azman Mokhtar struggled to reject involvement in dubious real estate deals.
Web links
Individual evidence
- ↑ www.bloomberg.com accessed August 14, 2015
- ↑ The Star , Jan. 21, 2014
- ↑ Our Investments , accessed August 14, 2015.
- ↑ The Malaysian Insider , February 9, 2012 ( Memento of the original from March 4, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
