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Forty years after its establishment, Permodalan Nasional Bhd (PNB) is today the largest fund manager in Malaysia with funds worth RM279 billion.
“Out of this, 98% of our funds are invested locally to create business and economic opportunities for Malaysians. This includes providing equal opportunities to Bumiputera professionals in the corporate sector,” said its group chairman Tan Sri Abdul Wahid Omar.
In a media statement in conjunction with PNB’s 40th anniversary last week, Wahid added that it is heartening to note that 70% of the fund is invested in the stock market/public equity.
“Our investments in Bursa Malaysia are worth RM200 billion, which makes up more than 10% of Bursa Malaysia’s total market capitalisation. This includes stakes in 10 strategic companies namely Maybank, Sime Darby Plantation, Sime Darby Berhad, Sime Darby Property, SP Setia, UMW Holdings, UMW Oil & Gas, CCM, CCM Duopharma and MNRB, he pointed out, adding that PNB also has stakes in more than 40 core companies such as TM, Axiata, MMC, TNB and BIMB Holdings where PNB owns more than 10% equity or investment worth more than RM1 billion in those companies.
He also acknowledged that PNB is a large family.
“At PNB and ASNB level we have more than 1,500 employees. Half of them are young talent, 40 years and below. If we were to include all employees across strategic companies, our talent pool would exceed 179,000. Half of this number is in Malaysia and the remaining across the globe. I am pleased to share that 50,000 of our talent pool are Malaysians.”
“From a gender diversity perspective, a majority of our talent are women. Our strategic companies comply with the requirement of having 30% women on our Boards. In fact, three out of 10 of our strategic companies have ladies as its Chairman. These are Datuk Mohaiyani Shamsuddin for Maybank, Datuk Normala Abdul Samad for CCM and Tan Sri Siti Sa'adiah for CCM Duopharma. Datin Paduka Kartini is another example of a leading lady at PNB as one out of the three Deputy Presidents at PNB. Additionally, we also have a lady CEO, Nik Fazila of CCM.”
In November 2016, Wahid announced the strategic plan for PNB 2017-2022 called STRIVE-15, with a vision for PNB to become a distinctive world-class investment house.
He stated that PNB workforce has worked tirelessly to implement all 15 strategic initiatives under the three pillars to enhance sustainable returns, effective investment management, and drive operational excellence.
“It has progressed smoothly and has generated much success including the increase in income which enabled PNB to distribute dividend and bonus of 7.25 sen, including a special bonus of 1.00 sen for the first 10,000 units to Amanah Saham Bumiputera (ASB) unit holders in conjunction with our 40th anniversary. The dividend and bonus distribution for ASB as well as other ASNB unit trusts amounted to a payout of RM14.4 billion for the year 2017 and more than RM172 billion cumulative dividends paid out to unit holders since PNB was established.”
