Tabung Haji records RM1bil income from O&G investments since 2001

PETALING JAYA: Lembaga Tabung Haji (LTH) has recorded a cumulative income of RM1.06bil from all its investments in the oil and gas (O&G) sector since 2001, while short or medium-term marked-to-market unrealised losses will not change its investment focus.

The pilgrimage fund said many of its investments have been made in strong and performing local bumiputra-owned companies which provided critical services to the national petroleum companies. This enabled Malaysia to reduce its reliance on foreign O&G companies.