Malaysia’s Khazanah returns to black with record profit of $1.75b on divestment gains

Malaysia’s sovereign wealth fund Khazanah announced Monday, it reported a turnaround in overall performance for 2019 with record profits of 7.36 billion ringgit (about $1.75 billion) against a loss of 6.27 billion ringgit in 2018, driven by higher divestment gains and lower impairments, and robust portfolio returns.