KUALA LUMPUR: The value of investments held by Khazanah Nasional Bhd climbed for the first time in three years, hitting an all-time high of RM115.6bil, boosted by surging stock prices at home and abroad.
The Government strategic investment fund, in statement today, said its portfolio net worth adjusted (NWA) rose RM13.4bil, or 13.2% compared with last year RM102.1bil.
The FTSE Bursa Malaysia KL Composite Index was up 9.5% last year, which was the the benchmark first annual gain since 2013.
“We are grateful to have delivered a strong financial performance in 2017,” managing director Tan Sri Azman Mokhtar said in the statement.
“Good progress was made across all other aspects of our mandate – strategic, societal and institutional,” he said.
Pre-tax profit soared 84.7% to RM2.89bil compared with RM1.57bil made a year earlier. It has declared a RM1bil dividend payout to the Government for 2017.
Realisable asset value increased by RM11.9bil or 8.2% to RM157.2bil as at Dec 31, up RM145.3 billion as at end of 2016.
Over the period from 14 May 2004, RAV had rose RM106.3bil from RM50.9bil.
Khazanah made a total of 14 discrete new investments totalling RM6.3bil and 12 divestments in 2017, providing proceeds amounting to RM6.4bil.
Gains from the disposals amounted to RM2.5bil.
From 2004 to 2017, Khazanah has made a total of 175 investments worth RM87.9bil and 102 divestment, with proceeds amounting to RM59.2bil.
Overall gains on divestments stood at RM27.4bil.
Khazanah’s investments in Malaysia represented approximately 55.5% of RAV in 2017, while overseas investments accounted for 44.5%.
About three quarter of its investment are with Malaysian companies.