Zeti to retire from PNB at the end of three year term 29 Apr 2021 / 12:15 H. Sunpix
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced that its group chairman, Tan Sri Dr Zeti Akhtar Aziz has officially written to Prime Minister Tan Sri Muhyiddin Yassin and chairman of Yayasan Pelaburan Bumiputra (YPB) to express her intention not to renew her tenure upon the completion of her three-year term on April 30, 2021.
“It has been my honour to have served as the group chairman of PNB for these three years, during which we have implemented our organisational transformation agenda in possibly the most tumultuous and transformative period ever experienced,” she said.
Tan Sri Dr. Zeti Aziz
KUALA LUMPUR: The chairman of Permodalan Nasional Bhd (PNB), Tan Sri Dr Zeti Akhtar Aziz will be stepping down with effect from April 30 after three years with the board.
In a statement Thursday, PNB said Zeti had officially written to the Prime Minister and Yayasan Pelaburan Bumiputra (YPB) chairman to express her intention not to renew her tenure as group chairman upon the completion of her three-year term on April 30.
The appointment of the new group chairman of PNB will be made by YPB in due course.
PNB said Zeti had driven PNB’s transformation journey since her appointment as group chairman in 2018, which has seen the institution achieving great strides across three key areas.
In 2020, Malaysia’s economy contracted 5.6% following global restraint order and border closures.
PNB group chairman Tan Sri Dr Zeti Aziz said the growth in AUM for 2020 was driven by the 4% growth in units in circulation (UIC) for its 15 funds to 264 billion units, as the group welcomed more than 200,000 new account holders during the year, bringing the total number of accounts to 14.5 million.
In addition, the group diversification efforts to the overseas market have increased its resilience towards market volatility.
Zeti said during the virtual media briefing on Thursday: “The year 2020 was the most tumultuous in our history but significant payoffs were gained from the transformative strategies that were implemented since 2018.
KUALA LUMPUR (Dec 23): Permodalan Nasional Bhd (PNB) has announced a total distribution of 4.25 sen per unit for Amanah Saham Bumiputera (ASB) unitholders, comprising 3.5 sen distribution and a 0.75 sen bonus for the year ending Dec 31, 2020.
In addition to this, PNB said that in conjunction with ASB’s 30th anniversary, unitholders will also receive a special one-off Ehsan payment of 0.75 sen per unit for up to the first 30,000 units.
The income distribution for the year is lower than last year s total distribution of 5.5 sen per unit, comprising a five sen distribution and a half-a-sen bonus.
It is also the lowest distribution in ASB’s 30-year history.
KUALA LUMPUR: Permodalan Nasional Bhd s subsidiary Amanah Saham Nasional Bhd has announced an income distribution of 3.5 sen and bonus of 0.75 sen per unit for its flagship Amanah Samah Bumiputra (ASB) fund in 2020.
All ASB unit holders will also receive a special 30th anniversary Ehsan payment of 0.75 sen per unit for their first 30,000 units.
The distribution will bring the total payout to RM7.6bil for 10.2 million unit holders holding 173.2 billion ASB units.
The payout outperforms Maybank s 12-month fixed deposit rate benchmark by 2.4%. ASB’s performance remains competitive relative to other low-risk investment instruments. ASB continues to be a sound option for individuals with a low risk profile and a long-term investment horizon, said PNB group chairman Tan Seri Dr Zeti Aziz in a statement.