Khazanah Nasional Berhad

Posted in Finance, Accounting and Economics Terms, Total Reads: 301

Definition: Khazanah Nasional Berhad

The Khazanah Nasional is a government organization that specialise in investment in Malaysia. They manage the sovereign wealth fund for the Malaysian government. It covers various sectors power, healthcare, tourism etc.

The main goal of the Khazanah Nasional is to promote the economic growth in Malaysia and thus it makes strategic investments on the behalf of the Government of Malaysia. The Khazanah Nasional was formed in 1993.

The way of functioning is largely based on corporate governance, with clear responsibilities given to each department. Policy formulation, regulations / guidelines and audit & performance reviews are carried out regularly.

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