RM1bil for 'Fund-of-Funds' to invest in high-growth firms


KUALA LUMPUR: A RM1bil allocation has been put aside to set up a "National Fund-of-Funds", says Datuk Seri Anwar Ibrahim.

"I am pleased to share that Khazanah Nasional will launch a Malaysian-focused fund with RM1bn allocation to invest in high growth innovative companies," the Prime Minister said in his keynote address at the inaugural KL20 Summit here on Monday (April 22).

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