DEFINITION of 'Khazanah Nasional Berhad'
The Khazanah Nasional is a government-owned investment organization that manages the sovereign wealth fund for the Government of Malaysia and was incorporated in 1993. The sole shareholder is the Malaysian Ministry of Finance. According to the Sovereign Wealth Fund Institute, the Kazanah had approximately $25 billion in assets under management in 2009.
BREAKING DOWN 'Khazanah Nasional Berhad'
The Khazanah Nasional is governed by a nine-member board of directors with members from both the public and private sectors. The goal of the Khazanah Nasional is to promote economic growth in Malaysia and make strategic investments on behalf of the Malaysian government. Its investments are spread across many business sectors, but are geographically focused on firms operating in Malaysia and Southeast Asia.