Malaysia's Khazanah logs record profit, powered by divestment gains

Mon, Mar 02, 2020 - 1:01 PM

Malaysian sovereign wealth fund Khazanah Nasional Bhd swung to a record profit last year, booking a huge jump in gains from divestments as it aggressively shrunk its portfolio to raise funds for a debt-laden government.

PHOTO: THE STAR

[KUALA LUMPUR] Malaysian sovereign wealth fund Khazanah Nasional Bhd swung to a record profit last year, booking a huge jump in gains from divestments as it aggressively shrunk its portfolio to raise funds for a debt-laden government.

Khazanah did not disclose details of its divestments....

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