Khazanah Nasional Bhd will be able to focus more on its domestic investments following the disposal of the sovereign wealth fund's entire stake in Saudi Arabian water and power companies, according to Economic Affairs Minister Mohamed Azmin Ali.
Speaking to reporters, Azmin said Khazanah has a key role to play in increasing domestic investments and contribute to the country's overall economic growth.
"I believe Khazanah will provide an explanation because they must look at the company's core activities," said Azmin referring to the US$70 million deal which will see tycoon Syed Mokhtar Al-Bukhary's Malakoff Corp Bhd purchase Khazanah's entire stake in Desaru Investments (Cayman Islands) Ltd (DIL).
