Malaysia’s sovereign wealth fund Khazanah announced Monday, it reported a turnaround in overall performance for 2019 with record profits of 7.36 billion ringgit (about $1.75 billion) against a loss of 6.27 billion ringgit in 2018, driven by higher divestment gains and lower impairments, and robust portfolio returns.
The fund also declared a dividend of 1 billion ringgit for 2019, per its statement.
