Malaysia's Khazanah National reports 2023 profit surges to 5.9 billion ringgit due to higher dividends, fair value gains, and capital preservation.

Malaysia's sovereign wealth fund, Khazanah National, reports a significant increase in profit for 2023, reaching 5.9 billion ringgit ($1.26bn) compared to 1.6 billion ringgit in 2022. This surge is attributed to higher dividends and distributions from investee companies, fair value gains, and capital preservation. Despite anticipating a challenging global macroeconomic environment due to ongoing conflicts and tensions, Khazanah plans to maintain portfolio resilience through strategic diversification.