Malaysia king’s daughter bcomes chairman of telco firm U Mobile

[KUALA LUMPUR] Malaysian royal Tun Aminah Sultan Ibrahim Ismail – the daughter of current King Sultan Ibrahim Iskandar – has been appointed chairman of U Mobile Sdn, the company said on Tuesday (Mar 17), succeeding founder Vincent Tan.

Her appointment took effect Mar 13 after Mawar Setia Sdn, her investment vehicle with Tan, raised its stake above 50 per cent in the company following a share purchase from Singapore Technologies Telemedia.

Tan, a Malaysian tycoon, relinquished his position as chairman on Mar 12 and will act as founder and adviser to the board, according to the company.

Sultan Ibrahim, who has extensive business interests and is a partner of Tan, also owns shares in the Malaysian telco firm. U Mobile was previously selected as the country’s second 5G network provider despite being one of the smallest players in the industry. The company is privately held, although Tan has stated ambitions to publicly list it.

Tun Aminah is also listed as the non-independent non-executive chairman of Berjaya Corp Bhd, the conglomerate that Tan founded, according to its website.

“I am delighted to share that U Mobile has been progressing well and is ahead of deployment schedule,” Tan said in the statement. BLOOMBERG