KUALA LUMPUR, July 5 — Khazanah Nasional Bhd’s divestment of almost RM50 billion worth of assets in less than 10 years is to enable the sovereign wealth fund to crystallise the value of its investments and to fund its operations as well as investment activities.
Nazri said another factor that could be influencing Khazanah’s investment activities is the shift in the country’s focus from traditional economy, such as petroleum and tourism, to digital economy. “Even sovereign funds have a limit and hence they have to continuously invest and divest for the best position,” he said.
According to previous reports, Khazanah had indicated that asset divestments are a common business activity practiced by the fund.
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