PNB aims to boost returns

Wahid: As we move down the list of our strategic companies for value-enhancing activities, we will also start engaging with our core companies with a view to improving their total shareholder returns. — Bernama

 PETALING JAYA: Tan Sri Abdul Wahid Omar, the group chairman of Permodalan Nasional Bhd (PNB), is taking on the role of activist investor, promising to engage public-listed companies as the country’s largest fund manager seeks to boost returns.

After completing his first year at the helm reorganising PNB’s strategic firms, Wahid has now set his sights on companies in which the fund has at least a 10% equity interest.