Malaysian sovereign wealth fund Khazanah attained a MYR1.6 billion (US$360 million) operational profit in 2022, but its net asset value fell 5% to MYR81 billion due to global economic headwinds.While profitability has improved, the fund has failed to return to pre-Covid levels, despite ongoing restructuring and cuts in debt. In...
Malaysian sovereign wealth fund Khazanah attained a MYR1.6 billion (US$360 million) operational profit in 2022, but its net asset value fell 5% to MYR81 billion due to global economic headwinds.While profitability has improved, the fund has failed to return to pre-Covid levels, despite ongoing restructuring and cuts in debt. In...