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KUALA LUMPUR: Sovereign wealth fund Khazanah Nasional Bhd posted a loss before tax of RM6.27bil in 2018 compared to a profit before tax of RM2.89bil a year earlier.
WITH the value of several of its core companies down significantly, it could be tough for Khazanah Nasional Bhd to post another year of positive investment performance as it did in 2017 this time around.
PETALING JAYA: Tan Sri Azman Mokhtar, who had helmed Khazanah Nasional Bhd for more than a decade, has said that aside from the controversial RM80mil losses in an online lingerie venture and the loss of its RM1.7bil stake in UBS, Khazanah has garnered more than a RM6bil gain from a single investment in e-commerce giant Alibaba.
PETALING JAYA: Rembau MP Khairy Jamaluddin has criticised the government on Wednesday (August 1) for its treatment of the Khazanah board.
PETALING JAYA: A 77-day impasse between the new government led by Pakatan Harapan and Khazanah Nasional Bhd ended with the board of the national sovereign fund handing their undated resignation letters to the Government.
PETALING JAYA: The entire Khazanah Nasional board of directors have submitted their resignation letters after reaching a unanimous decision that Tun Dr Mahathir Mohamad's administration should determine the company's new leadership structure.