KWAP unveils RM6b investment drive ‘Dana Pemacu’, targeting key sectors

: The Retirement Fund Inc’s launched a new private capital investment today named ‘Dana Pemacu,‘ with an allocation of RM6 billion.

KWAP, in a statement, detailed that Dana Pemacu would be implemented through Separately Managed Account funds, in collaboration with local talents and top international investment managers across three asset classes -- private equity, infrastructure, and real estate. During the Global Forum on Islamic Economics and Finance earlier today, Prime Minister Datuk Seri Anwar Ibrahim disclosed KWAP’s plan to allocate RM3 billion to shariah-compliant investments, constituting half of the total Dana Pemacu capital commitment.Meanwhile, KWAP’s chief executive officer, Datuk Nik Amlizan Mohamed, highlighted the significance of Dana Pemacu for the nation’s growth and progress.

“Furthermore, this initiative will bring global best practices and expertise to the local market, driving knowledge transfer and industry networking, thereby enhancing local talent.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KWAP allocates US$1.28bil for private capital investment via Dana PemacuTargeting key economic sectors and impact-related themes under Ekonomi MADANI 50% will be Shariah-focused, unlocking Islamic equity capital, create greater impact Malaysian Anwar Ibrahim announced today that Kumpulan Wang Persaraan (Diperbadankan) (KWAP) will invest US$640 million (RM3 billion) in Shariah compliant investments, making up 50% of...
Source: DNewsAsia - 🏆 23. / 51 Read more »