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Khazanah made healthy profit from sale of stake in Malaysian Shoaiba

KUALA LUMPUR: Khazanah Nasional Bhd made a healthy profit from the sale of its 40% stake in Malaysian Shoaiba Consortium Sdn Bhd to Malakoff Corporation Bhd as it had achieved the commercial objectives of its investment.


Khazanah to see foreign appointments

PETALING JAYA: State-owned investment arm Khazanah Nasional Bhd could see some foreign appointments to its board of directors as part of its strategy to tap on diverse expertise.


Shahril appointed as Khazanah MD

KUALA LUMPUR: Khazanah Nasional Bhd has appointed Datuk Shahril Ridza Ridzuan as managing director succeeding Tan Sri Azman Mokhtar.


Khazanah realises value in IHH

PETALING JAYA: Khazanah Nasional Bhd disposed of a block of IHH Healthcare Bhd shares valued at RM828.7mil in off-market trades in a move to add liquidity to the stock, sources said.


Khazanah Nasional sells 45.03% of Time Engineering to Censof

KUALA LUMPUR: Khazanah Nasional Bhd divested its entire 45.03% stake in Time Engineering Bhd to Censof Holdings Bhd at 20 sen per share for RM69.8mil cash.


Khazanah rents out space in UK's The Shard

PETALING JAYA: Khazanah Nasional Bhd is renting out space in London’s tallest building to house its European investment operations, according to a report by London Evening Standard.


Khazanah appoints Nor Mohamed deputy chairman

PETALING JAYA: Khazanah Nasional Bhd has announced the appointment of Tan Sri Nor Mohamed Yakcop as its deputy chairman effective June 3, 2013.


Khazanah insurance unit Avicennia buys 90% in Istanbul-based Acibadem Sigorta

KUALA LUMPUR: Khazanah Nasional Bhd’s insurance holding company, Avicennia Capital Sdn Bhd, has completed the acquisition of a 90% stake in Istanbul-based Acibadem Saglik ve Hayat Sigorta AS (Acibadem Sigorta) for US$252mil (RM810mil).


Charon Mokhzani to lead Khazanah Research Institute

KUALA LUMPUR: Datuk Charon Mokhzani will lead the newly established Khazanah Research Institute (KRiS) with effect from Wednesday as it looks at broader national issues as well as those related to Khazanah Nasional Bhd.


Khazanah portfolio value RM103.5b in 2013, proposes dividend of RM650m (Update)

KUALA LUMPUR: Khazanah Nasional Bhd’s portfolio value (net worth adjusted or NWA) rose 19.1% in 2013, which was a three-fold increase to RM103.5bil from RM33.3bil in May 2004.