KHAZ­ANAH: US$410m IN­VESTED IN U.S. SO FAR

New Straits Times - - Business -

KUALA LUMPUR: Khaz­anah Na­sional Bhd has made a to­tal of 15 in­vest­ments worth US$410 mil­lion (RM1.72) in the United States, mainly in the tech­nol­ogy sec­tor.

The in­vest­ments ac­counted for 1.3 per cent of its port­fo­lio re­al­is­able as­set value of RM145.3 bil­lion as at De­cem­ber 31 last year, said Khaz­anah in a state­ment yes­ter­day.

The gov­ern­ment’s in­vest­ment arm said it would con­tinue to ex­plore in­vest­ment op­por­tu­ni­ties in the US, fol­low­ing the visit re­cently by Prime Min­is­ter Datuk Seri Na­jib Razak.

Khaz­anah said in line with its pol­icy to pro­gres­sively di­ver­sify its in­vest­ment port­fo­lio over­seas, it had opened Khaz­anah Amer­i­cas In­cor­po­rated in San Fran­cisco in Septem­ber 2013, with a fo­cus on the in­no­va­tion and tech­nol­ogy sec­tor.

“The San Fran­cisco of­fice is the third of Khaz­anah’s five for­eign of­fices, with the oth­ers in Bei­jing, Mum­bai, Is­tan­bul and London,” it added.

Khaz­anah said it prac­tised a strict process of orig­i­na­tion and eval­u­a­tion of in­vest­ment pro­pos­als in­volv­ing de­tailed due dili­gence and mul­ti­ple in­vest­ment gates, be­fore the sub­mis­sion to its board of di­rec­tors for con­sid­er­a­tion and ap­proval.

“Over­all, the long-term value cre­ation from our in­vest­ment port­fo­lio re­mains steady, with our port­fo­lio net worth ad­justed hav­ing in­creased 3.1 times, or grow­ing at a com­pounded an­nual growth rate of 9.3 per cent per an­num, for the pe­riod from May 2004 to De­cem­ber 31 last year.

“In line with our man­date as a strate­gic in­vest­ment fund that cre­ates long-term value for Malaysia via mul­ti­ple sec­tors and ge­ogra­phies, Khaz­anah will con­tinue to ex­plore in­vest­ment op­por­tu­ni­ties in the US, fo­cus­ing pri­mar­ily on the in­no­va­tion and tech­nol­ogy sec­tor,” it added.

Khaz­anah will con­tinue to ex­plore in­vest­ment op­por­tu­ni­ties in the United States.

Khaz­anah Na­sional Bhd

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