Tabung Haji, AmanahRaya form SPV

PETALING JAYA: Lembaga Tabung Haji (LTH) and AmanahRaya Bhd have established a 50:50 special purpose vehicle (SPV) – ABRAJ Sdn Bhd – to look for investment opportunities that will provide better returns to depositors and shareholders.

LTH group managing director and chief executive officer Datuk Ismee Ismail said the partners would leverage off each other’s resources including assets and funds to try to achieve a better return on investments.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

MyEG net profit climbs in Q3 Premium
7-Eleven Malaysia to expand pharmacy business into Indonesia via JV� Premium
KPower registers lower Q1 profit due to lockdown woes� Premium
Glove stocks rally as new Covid-19 variant spooks investors � Premium
IJM Corp posts RM639mil net profit in Q2 on disposal gain� Premium
Axiata signs science-based target initiative pledge to commit to net zero initiative Premium
Aurelius Technologies aims to raise RM104.73mil from Main Market listing Premium
Sime Darby earnings impacted by China industrial slowdown in Q1FY22 Premium
Hong Leong Bank posts stronger Q1FY22 earnings of RM858.25mil Premium
Malaysia's exports for Jan-Oct 2021 surge 25% to top RM1 trillion Premium

Others Also Read