Khazanah MD explains divestment, capital redeployment strategy

As Malaysia’s sovereign wealth fund, Datuk Shahril Ridza Ridzuan said, Khazanah’s main objective is to invest for the purpose of generating long-term financial returns.

KUALA LUMPUR: The ongoing transactions undertaken by Khazanah Nasional Bhd are in the ordinary course of its business which involves realising investments and then redeploying capital for new investments, said managing director Datuk Shahril Ridza Ridzuan.

Proceeds from the divestments are used to pay off Khazanah’s maturing debt and fund new investments, he said.