Malaysia’s sovereign wealth fund Khazanah Nasional Bhd said on Monday it is targeting a pretax profit this year of at least 5 billion ringgit ($1.2 billion), which would be its highest in eight years, after posting its first loss in a decade in 2018.
“For this year, we hope to achieve profitability of at least 5 billion ringgit,” Shahril Ridza Ridzuan, Khazanah’s managing director, said in comments to reporters at the fund’s annual conference.
