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

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