Khazanah to sell more assets says Azmin

Khazanah to sell more assets says Azmin

Malaysia today - News·2019-10-07 14:32

(Bernama) – Khazanah Nasional Bhd is to further pare down its debt to between RM35-RM40 billion from RM47 billion to be achieved by year-end, via continued assets disposal and investment sales activities, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said.

The disposals and selling exercise to reduce Khazanah’s debt according to him, have proven successful to date, as the country’s sovereign wealth fund is on track on lowering its debt to RM47 billion from RM55 billion a year ago.

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