PNB to gradually invest more overseas

KUALA LUMPUR: Following its lowest dividend payout since Amanah Saham Bumiputera’s (ASB) inception in 1990, Permodalan Nasional Bhd (PNB) is looking to increase investments abroad, enhance risk management and push for “transformational” changes at its investee firms.

PNB has a target of boosting foreign investments to 30% of its portfolio by 2022, from its current 8%.