Tuesday, Aug 11, 2020
International Finance
Company

PNB emerges strong in four decades

During the launch of the company’s 40th anniversary logo, PNB acknowledges its contribution to the Malaysian economy

One of Malaysia’s leading asset management firms, Permodalan Nasional Berhad (PNB) has reached an estimation of RM279bn funds.

According to PNB Group Chairman, Tan Sri Abdul Wahid Omar, of the estimated figure, 98% had been invested to create better employment opportunities for Malaysian residents.

Wahid, said in a statement, “This includes providing equal opportunities to Bumiputera professionals involved in the corporate sector. 70% of the funds we invested in listed equity / public equity. Investments in the RM200 billion listed stocks comprise over 10% of the market capitalisation of listed companies in Bursa Malaysia.”

The company has investments in more than 40 giants including Telekom Malaysia Bhd, Axiata Group Bhd, MMC Corporation, Tenaga Nasional Bhd and BIMB Holdings, where PNB holds 10% equity or over RM1 billion worth of investment.

In terms of employees and gender diversity, Omar explained there are more than 1,500 people in the company’s employment, and majority of them are women.

“And half of them are young people under the age of 40. When mixed with all the Strategic companies, the number is larger than 179,000 people. Half in Malaysia and half abroad. And 50,000 of them are Malaysians.”

One of PNB’s three Deputy Presidents is a woman, Datin Paduka Kartini. “In fact, three of our 10 Strategic Companies are chaired by women, Datuk Mohaiyani Shamsudin, Chairman of Maybank, Datuk Normala Abdul Samad Chairman of CCM and Tan Sri Siti Sa’adiah Chairman of CCM Duopharma,” he added.

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