EPF's performance reflects investor confidence in govt policies, says PM


KUALA LUMPUR: The Employees Provident Fund's (EPF) achievements reflect investor confidence in the pro-growth and investor-friendly policies of the Madani government, supported by fiscal reforms under the Madani Economic framework, benefiting the people for universal and sustainable growth, says Prime Minister Datuk Seri Anwar Ibrahim.

ALSO READ: Strong dividend performance proves EPF's resilience, says Amir Hamzah

On Saturday, EPF announced a dividend rate of 6.30% for Conventional Savings with a total distribution of RM63.05bil and 6.30% for Shariah Savings with a total distribution of RM10.19bil.

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The total distribution for 2024 amounts to RM73.24bil. The dividend rate is the highest since 2017.

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"EPF has announced an outstanding dividend rate, with the highest distribution in history, amounting to RM73.24bil.

ALSO READ: EPF records RM74.46bil in investment income for 2024, 11% jump over previous year

"Moreover, Shariah Savings also made history by achieving a rate equal to Conventional Savings for the first time," he stated in a post on the social media platform X on Saturday (March 1).

ALSO READ: EPF: 6.3% dividend for both conventional and syariah savings for 2024

Anwar, who is also the Finance Minister, said the impressive performance of KWSP is driven by the robust growth of Malaysia's capital market amidst global economic challenges.

ALSO READ: EPF to announce 2024 dividends on March 1, says source

"With growing confidence in the national economy, insya-Allah, we will advance with determination, ensuring the benefits of economic growth are felt by all citizens," he said. - Bernama

 

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