BlackRock investments in Malaysia reach RM27.5bil, withdrawal will have negative implications

The BlackRock headquarters in New York. — Bloomberg

KUALA LUMPUR: The withdrawal of BlackRock's investment from Malaysia, if it happens, will have implications and negative impacts on efforts to realise the country's investment agenda, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

BlackRock is a shareholder in various listed companies worldwide, including sovereign funds from Saudi Arabia, the United Arab Emirates, Oman, Bahrain, and Indonesia.