TH supports govt aspiration, to focus on domestic investments

KUALA LUMPUR: Lembaga Tabung Haji (TH) will continue to focus on investments in Malaysia compared to expanding its portfolio overseas in line with the government’s aspiration to support and stimulate domestic investments.

Its group managing director and chief executive officer, Syed Hamadah Syed Othman, said the strategic asset allocation for TH’s investments abroad is around 10 per cent, and at the moment, the pilgrimage fund board has no plans to make additional investments.