KUALA LUMPUR, Jan 20 — Malaysian state investor Khazanah Nasional Bhd said today the value of its portfolio rose to 134.9 billion ringgit (US$40.7 billion) last year from 121.5 billion ringgit in 2012.
The sovereign wealth fund, whose investments are overwhelmingly domestic, has been steadily increasing activity abroad as it looks to diversify its risks. This year, it bid for a Thai bank and a Turkish insurer, winning the latter.
“2013 did not have the big deals that grabbed the headlines but it was an important year. Our companies made regional moves,” managing director Azman Mokhtar told reporters at the funds’s annual review. — Reuters
