Khazanah Reaffirms Progress And Governance At 3Q 2026 Board Meeting

KUALA LUMPUR, Aug 20 (Bernama) -- Khazanah Nasional Bhd held its third Board of Directors meeting for 2026, chaired by Prime Minister Datuk Seri Anwar Ibrahim, today.

During the meeting, the Khazanah management briefed the Board on, among others, efforts to create more value in its investments as an active shareholder, to build a more resilient portfolio, and to drive governance throughout all its investee companies.

In particular, despite the challenging macroeconomic environment, Khazanah’s long-term returns continue to exceed its targets.  

Furthermore, in line with the GEAR-uP programme by the Ministry of Finance, Khazanah remained steadfast in its domestic direct investments along its four pillars of Transforming Firms, Energy Transition, Connectivity, and Digitalisation.

In addition, the Board was updated on Khazanah’s societal value creation, via initiatives in capacity building and community development, such as the K-Youth programme, and efforts by Yayasan Hasanah.

"I commend the management of Khazanah for being proactive, thorough and upholding high standards of governance,” said Anwar, who is also the chairman of Khazanah.

During the meeting, by virtue of its governance standards, Khazanah also raised legacy issues that require resolution, in particular, concerning Xeraya Capital, Khazanah’s wholly-owned subsidiary, founded in 2012, that manages Khazanah’s Life Sciences investments.

In July 2026, the Xeraya Board, in fulfilling its governance oversight responsibilities, identified irregularities in documentation relating to past transactions that warranted further review.  

"Upon the Board being made aware, I instructed the Khazanah management to initiate a forensic investigation to the highest standards of governance and due process and, where necessary, to bring in external authorities,” said Anwar.

At the conclusion of the meeting, the Prime Minister said overall, he is satisfied with the progress made by Khazanah and its management team, and wants to encourage them to continue in their journey of Advancing Malaysia by Raising the Ceiling, Raising the Floor while Upholding Good Governance, in line with the MADANI Economy principles.

-- BERNAMA