Khazanah Nasional Bhd managed to collect RM5.48 billion this year despite being embroiled in the Fashion Valet controversy.
This income is obtained as a result of strategic stock management that produces cash flow through dividends and the sale of shares at the right time.
A total of RM2.8 billion of that amount was obtained through dividends from eight major companies, with the largest contributor being CIMB Group Holdings Bhd which contributed RM1.25 billion, representing more than 40% of Khazanah's total dividends from January to October.
Other large companies such as Tenaga Nasional Bhd, Axiata Group Bhd, IHH Healthcare Bhd, and Telekom Malaysia Bhd also contributed to this dividend amount.
Apart from the dividend, Khazanah also reaped huge profits through the sale of some of its shares such as Tenaga worth 118 million and earning RM1.46 billion, and divesting 143 million shares in CIMB worth RM911.69 million.
In addition, TIME dotCom Bhd also contributed RM305.99 million through the sale of a 3.35% shareholding.
The profit from the disposal of these shares has increased Khazanah's cash reserves to RM13.86 billion.
The fund has paid RM1 billion in dividends to the federal government this year, planning to double that amount to RM2 billion in 2025.
