Malaysia Wealth Fund’s Assets, Profits Jump Amid Recovery
Earlier this month, Malaysia’s Employees Provident Fund, the nation’s largest pension fund, also raised its dividend payouts for 2023.
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Khazanah Nasional Bhd. saw its net asset value rebound by about 4% in 2023, as its profits tripled from a year ago on improving market conditions.
The Malaysian sovereign wealth fund’s NAV rose to 84.8 billion ringgit ($18 billion) from 81.3 billion ringgit in 2022, Managing Director Amirul Feisal Wan Zahir said at a briefing in Kuala Lumpur on Monday. Profit from operations jumped by more than threefold to 5.9 billion ringgit from 1.6 billion ringgit the previous year.