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Anwar guarantees that the operator of Malaysian airports will remain within the hands of Malaysians

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adminJune 30, 2024No comment
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Management and ownership Malaysiathe airport operator will remain in Malaysian hands consistent with the plan to take it into private hands, Prime Minister Anwar Ibrahim — he said on Tuesday amid protests against the offer that included foreign investors.

A consortium led by Malaysian sovereign wealth fund Khazanah Nasional Bhd and state pension fund Employee Provident Fund announced on May 15 a bid to take Malaysia Airports Holdings private in a deal that will value the airport operator at $3.9 billion.

The consortium also includes Abu Dhabi Investment Authority and Global Infrastructure Partners, which is currently being taken over by a US fund manager Black Rock.
The BlackRock logo is visible in front of the American fund manager’s headquarters in New York. Photo: Reuters
The privatization plan has been met with criticism and protests from some ruling party and opposition lawmakers in Muslim-majority Malaysia, which is a staunch supporter of the Palestinian people, over BlackRock’s significant investment in Israelwhich is waging war against the militant group Hamas in Gaza.

Anwar told parliament on Tuesday that when the deal is accomplished, ownership of Malaysia Airports Holdings Berhad will remain in Malaysian hands with a 70% stake held by Khazanah and the Employee Provident Fund.

“The chairman of the board and CEO of MAHB will be Malaysians,” Anwar said in response to concerns that shares within the airport operator can be sold to foreign investors.

Anwar stated that the privatization process will proceed, adding that Global Infrastructure Partners has already stated that BlackRock won’t take part in the privatization transaction.

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