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.

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