In bold move KWAP invests RM124mil in Uber, a non-traditonal asset

KWAP CEO Wan Kamaruzaman Wan Ahmad

KUALA LUMPUR: Taking the cue from Khazanah Nasional Bhd’s investment in tech start-ups, the country’s second-largest pension fund, Retirement Fund Inc (KWAP), has invested in car-hailing app Uber.

It is believed that the investment by KWAP in the tech start-up is about US$30mil (RM124.2mil) in the recent G series fundraising round that started last year.

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

Next In Business News

High Court imposes 24 months imprisonment term on former Transmile CEO Premium
Tanco aims to secure contracts worth RM200mil in 2022 Premium
FMM: Critical to develop foreign worker recruitment policy and system Premium
Sasbadi slips into the red Premium
Pintaras secures RM34.3mil contract Premium
Censof appoints Vicks Kanagasingam as CEO of Censof Digital Premium
KLCI sinks 12.95 points amid regional sea of red Premium
Asian shares extend losses on Ukraine fears and Fed jitters Premium
In surprise move, Singapore tightens monetary policy on inflation risks Premium
Touch 'N Go to launch new version of card with NFC capability Premium

Others Also Read