Sabah govt gets RM50mil dividend from state-owned SMJ Energy

(third left) Hajiji and other ministers receiving the RM50mil dividend mock cheque.

KOTA KINABALU: State-owned SMJ Energy Sdn Bhd has declared and paid a RM50mil dividend to the Sabah government for the financial year ending Dec 31.

The latest contribution brings the total dividends paid to the state to RM160mil since 2023, more than tripling Sabah’s initial RM50mil seed investment into the company in just three years.