PMB Investment targets RM2bil in AUM by year-end

  • Business
  • Monday, 01 Jul 2019

Temporary anti-dumping measures on ethanolamine products produced in the Malaysia, Saudi Arabia, Thailand and the United States is also being introduced.

KOTA BHARU: A wholly-owned Pelaburan Mara Bhd (PMB)’s subsidiary, PMB Investment Bhd is targeting to achieve RM2 billion in assets under management (AUM) by year-end.

PMB group chief executive officer Tengku Ahmad Badli Shah Raja Hussin said as of May this year, the company’s AUM was at RM1.2 billion. 

“PMB Investment is also targeting RM5 billion in AUM by December 2020,” he told reporters at the launch of PMB Investment’s Kelantan sales office here today.

PMB also hosted a Hari Raya celebration for 60 children from Rumah Kebajikan Anak Yatim dan Dhuafa’ Siti Aminah and Rumah Kebajikan Anak Yatim Darul Aitam.

Meanwhile, Tengku Ahmad Badli Shah said currently, there were some 95,000 unit holders under PMB Investment nationwide.

As for Kelantan, he said the company was targeting to register 20,000 new unit holders with RM2 million worth in unit trust funds by year-end.

“We are confident of achieving the target as our unit trust is Shariah-compliant, therefore will be able to attract the locals to invest,” he said, adding that with the opening of the new office it also offered 1,400 job opportunities for the locals. 

Apart from Kelantan, PMB Investment also has branch offices in Johor Bahru, Kuantan, Penang, Kuala Lumpur, Kota Kinabalu and Kuching. - Bernama
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