KUALA LUMPUR, Feb. 5 (Xinhua) -- Malaysia's sovereign wealth fund Khazanah Nasional Berhad achieved a profit from operations of 5.1 billion ringgit (1.15 billion U.S. dollars) in 2024, driven by disciplined monetization strategies, steady dividend income and fair value gains from global public equities.
The firm said in a statement on Wednesday that its net asset value in 2024 increased to 103.6 billion ringgit compared to 84.8 billion ringgit in 2023.
Khazanah has also declared a dividend of 1 billion ringgit for 2024 to the government of Malaysia.
According to Khazanah Managing Director Amirul Feisal Wan Zahir, the fund achieved significant growth in its portfolio in 2024, driven by the strong performance of its Malaysian investments.
"We aim to maintain the strong momentum from 2024 and to ensure the successful execution of our value creation efforts through our long-term strategy," he added.
Moving forward, Khazanah said it will continue to execute its value creation efforts and portfolio rebalancing strategy to strengthen the balance sheet and build a resilient financial position.
"We are confident that Malaysia will continue to maintain resilience, bolstered by political stability and clear policy direction. The significant influx of investments from both foreign and domestic sources reflects the confidence in our nation's potential for sustained growth," Amirul Feisal added. (1 ringgit equals 0.23 U.S. dollars) ■