public industry sovereign wealth fund founded 1993 headquarters kuala lumpur malaysia key people najib tun razak chairman azman mokhtar managing director revenue undisclosed total assets rm150 .2 billion website www.khazanah.com.my khazanah nasional berhad is the sovereign wealth fund of the government of malaysia . khazanah holds and manages selected commercial assets of the government and undertakes strategic investments on behalf of the nation . it is involved in sectors such as power telecommunications finance healthcare aviation infrastructure leisure and tourism and property amongst others . the fund a member of the international forum of sovereign wealth funds 1 and has therefore signed up to the santiago principles on best practice in managing sovereign wealth funds . its portfolio includes axiata cimb tenaga nasional ihh healthcare uem group telekom malaysia malaysia airlines and malaysia airports . khazanah was incorporated under the companies act 1965 in malaysia on 3 september 1993 as a public limited company and commenced operations a year later . khazanah is owned by the malaysian government and administered by the minister of finance incorporated except for one share held by the federal land commissioner . khazanah is governed by a ten member board of directors comprising representatives from the government and the corporate sector with diverse professional backgrounds and expertis . najib razak the current prime minister of malaysia and minister of finance is the chairman of the board . in 2015 khazanah s portfolio grew by nearly 3.2 % to rm150 .2 billion in terms of its realisable asset value rav and declined by 1.6 % to rm108 .9 billion in terms of net worth adjusted nwa . it also registered a proforma profit before tax pbt of rm1 .2 billion . khazanah also made 23 investments totalling rm8 .7 billion and 10 divestments with a gain on divestment of rm2 .9 billion for the year . 2 contents 1 history 2 leadership 3 governance framework 4 portfolio companies 5 thought leadership 6 corporate responsibility 7 references 8 external links history edit incorporation khazanah was incorporated under the companies act 1965 on 3 september 1993 as a public limited company and commenced operations a year later . except for one share owned by the federal land commissioner all the share capital of khazanah is owned by the minister of finance incorporated a body incorporated pursuant to the minister of finance incorporation act 1957 . the new mandate in 2004 khazanah went through a strategic revamp and was given its current mandate . tan sri dato azman hj mokhtar the current managing director of khazanah was appointed to the position in that year . he reports to a ten member board of directors chaired by malaysia s prime minister and minister of finance dato sri mohd najib tun hj abdul razak . 3 khazanah s vision is to be the leading strategic investment house that creates sustainable value for a globally competitive malaysia . its proactive investment approach includes the management of existing investments and the glc transformation programme and making strategic investments in new sectors and geographies that are deemed important to malaysia s future . it is also involved in the active development of human social and knowledge capital for the country . leadership edit board of directors khazanah is governed by its board of directors . the board members consist of representatives from the government as well as the corporate sector with diverse professional backgrounds and expertise . the board meets regularly and is ultimately accountable and responsible for khazanah s overall governance and performance . a board charter sets out the roles and responsibilities of the board in overseeing the management of khazanah . the board is assisted by two sub committees the executive committee exco and the audit & risk committee arc . the four member exco comprises three non executive directors and one executive director while the arc consists of three independent directors . chairman dato seri mohd najib tun abdul razak prime minister and finance minister of malaysia deputy chairman tan sri dato seri utama nor mohamed yakcop former minister in the prime minister s department and minister of finance ii and special economic adviser to the prime minister board members tan sri md nor md yusof chairman of malaysia airlines and pelaburan hartanah dato mohammed azlan hashim chairman of silk holdings and d & o green technologies and non executive director of ihh healthcare berhad and labuan financial services authority raja tan sri dato seri arshad raja tun uda chairman of maxis ekuiti nasional asia capital reinsurance malaysia and yayasan raja muda selangor tan sri mohamed azman yahya founder and ceo of symphony house executive chairman of symphony life and board member of ekuiti nasional tan sri andrew sheng len tao chief adviser to the china banking regulatory commission and distinguished fellow of fung global institute dato sri nazir razak chairman of cimb group board member of the investment panel and chairman of the investment panel risk committee of the employees provident fund dato seri ahmad husni mohamad hanadzlah second finance minister of malaysia tan sri dr. irwan serigar abdullah 4 secretary general of treasury ministry of finance management team managing director tan sri dato azman hj . mokhtar executive director investments & head of investments dominic silva executive director khazanah nasional consulting beijing co ltd ben chan executive director investments dato noorazman abd aziz executive director investments & head of khazanah research & investment strategy datuk hisham hamdan executive director investments tengku dato sri azmil zahruddin raja abdul aziz executive director investments kenneth shen executive director investments zaida khalida shaari executive director investments ahmad farouk mohammed executive director khazanah europe investment ltd javier santiso executive director khazanah india advisors pte ltd chinta bhagat executive director finance & chief financial officer dato mohd izani ghani executive director md s office and head of md s office jiv sammanthan executive director md s office & head of special projects office mohd izani ashari executive director md s office & md of khazanah research institute dato charon mokhzani executive director investments & head of strategic management unit md s office ahmad zulqarnain onn director md s office & chief risk officer rohayati othman executive director corporate & support services company secretary & head legal mohamed nasri sallehuddin executive director strategic human capital management & head of strategic human capital management latifah daud governance framework edit khazanah is guided by a governance and accountability framework that establishes a clear structure of responsibility authority and governance in how we operate . this is strengthened by internal systems and controls in the form of policies procedures and guidelines on matters ranging from risk management and investment approvals to corporate values and ethical standards . khazanah makes disclosures of its performance and operations including information required by law and the relevant authorities or voluntary dissemination of information to our stakeholders including the public across various platforms and forums . khazanah accounts are audited by an independent external auditor as well as the auditor general s office and the audited financial statements are submitted to the companies commission of malaysia . key information is also shared with the public accounts committee pac . public key information is also available on khazanah s official website and annual publications including the khazanah report . portfolio companies edit khazanah s investee companies are involved in various sectors such as agriculture malaysian agrifood corp mafc 100 % blue archipelago 100 % biotropics 100 % holstein milk 30 % aviation malaysia airports berhad mahb 36.7 % istanbul sabiha gokcen 100 % owned by mahb malaysia airlines berhad mab 100 % penerbangan malaysia berhad 100 % creative & media astro holdings sdn . bhd. 29.3 % astro malaysia holdings 20.7 % iskandar malaysia studios 99.4 % imagica southeast asia 51 % rhizophora ventures 100 % financial services cimb group 29.7 % idfc 9.5 % avicennia capital 100 % sun life malaysia assurance 49 % owned by avicennia capital sun life malaysia takaful 49 % owned by avicennia capital acibadem sigorta 90 % owned by avicennia capital acr capital 24.5 % acr malaysia 30 % owned by acr capital 70 % by khazanah acr retakaful 20 % owned by acr capital 40 % by khazanah jadwa investment 10 % bank muamalat 30 % valuecap 33.3 % fajr capital 21 % bdo unibank 3.7 % china huarong asset management 3 % citic securities 0.9 % welab healthcare ihh healthcare berhad 44.7 % acibadem 60 % owned by ihh 15 % by khazanah apollo hospitals 10.9 % owned by ihh pantai holdings 100 % owned by ihh parkway hospitals 100 % owned by ihh international medical university 100 % owned by ihh infrastructure & construction uem group 100 % plus malaysia 51 % owned by uem group uem builders 100 % owned by uem group cement industries of malaysia berhad cima 100 % owned by uem group uem edgenta formerly known as faber group 70.7 % owned by uem group innovation & technology silterra malaysia 100 % atlantic quantum 100 % alibaba 0.2 % aemulus 15 % general fusion 8.6 % skyscanner 3.4 % yepme 14.6 % continuum capital 100 % welab life sciences xeraya capital 100 % malaysian technology development corp mtdc 100 % leisure & tourism themed attractions 100 % power tenaga nasional 30.4 % shuaibah water & electricity company 6 % owned by tenaga nasional 12 % by khazanah property uem sunrise 66.1 % owned by uem group iskandar investment berhad 60 % iskandar ventures 100 % medini iskandar malaysia 40 % owned by iskandar ventures 20 % owned by iskandar investment berhad m s pte ltd 60 % sunway iskandar 48.6 % pulau indah ventures 50 % southern marina 30 % putrajaya holdings 15.6 % stlr 100 % 8990 holdings 8.6 % sustainable development cenviro 100 % cenergi southeast asia 100 % redt energy 15.5 % beijing development hong kong 23.1 % beijing enterprises water group 4.6 % telecommunications axiata 38.2 % telekom malaysia berhad 28.7 % pulau kapas ventures 30 % time dotcom 31.4 % owned by pulau kapas ventures 11.3 % by khazanah others john keells 10.4 % leaped 100 % i2m ventures 100 % zivame 1.4 % portfolio segmentation by major sectors as at 31 december 2015 healthcare 17.2 % financial services 13.7 % property 10.6 % power 15.3 % transportation & logistics 4.9 % infrastructure & construction 3.8 % creative & media 22 % innovation & technology 2.3 % leisure & tourism 2.0 % others 2.5 % sustainable development 1.3 % consumer 0.7 % life sciences 0.4 % agriculture 0.4 % education 0.03 % cash 2.5 % rav by geography as at 31 december 2015 malaysia 55.1 % singapore 12.1 % indonesia 5.7 % turkey 7.4 % china 6.5 % india 4.1 % philippines 1.1 % others 1.5 % japan 0.2 % cambodia 0.4 % middle east 0.8 % north america 1.3 % sri lanka 1.5 % africa 0.1 % europe 0.3 % thailand 0.5 % bangladesh 1.4 % thought leadership edit khazanah megatrends forum kmf held annually preceding khazanah s strategy and business planning cycle kmf brings together experts and thought leaders to discuss the main mega trends as well as to address topical matters of interest . invited guests were malaysian corporate leaders policy makers think tanks and practitioners from the public and private sectors as well as civil society . khazanah global lectures kgl as part of the mandate for human capital development kgl features global leaders and thinkers that have influenced the way people live work and think ; to share their thoughts beliefs and ideas . with the theme development each speaker share his her own experience and ideas on international economic social and corporate development issues while taking into consideration malaysia s past present and future direction . kgl is broadcast live to universities across the nation to ensure a wider reach among the younger generation and future leaders of malaysia . corporate responsibility edit khazanah s corporate responsibility cr is led