PNB paid RM187 billion in dividend over 40 years, says Dr Mahathir

Updated 5 years ago · Published on 21 Apr 2019 8:00PM · 1 Comments

Prime Minister Dr Mahathir Mohamad has announced that PNB provided RM187.1 billion in dividends over 40 years. – The Malaysian Insight file pic, April 21, 2019

PERMODALAN Nasional Bhd (PNB) has provided cumulative dividend returns of RM187.1 billion to its unit holders in over 40 years since its establishment, says Prime Minister Dr Mahathir Mohamad.

In a special video recording aired at the launch of the Minggu Saham Amanah Malaysia in Sungai Petani today, Dr Mahathir said PNB has accumulated and expanded its assets to reach RM298.5 billion with a total of 13.8 million account holders and total assets under management worth RM236.6 billion.

He also commended PNB for its strong track record of delivering competitive and sustained dividends to its unit holders, that is reflected in its cumulative dividend payout of RM187.1 billion.

“This achievement is a testimony of the strong governance and professionalism of the past and present leadership at PNB in mobilising the wealth of its unit holders.

“The preservation of values such as integrity and trust has enabled PNB to avoid lapses in governance that had occurred in other institutions in recent years.”

Furthermore, Dr Mahathir said he expects PNB to continue upholding these values throughout its journey of fulfilling its mandate of enhancing the wealth of Bumiputeras and all Malaysians. – Bernama, April 21, 2019

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  • In over 40 years, through PNB, the rich got richer.. Beg or borrow, they got the funds to invest in PNB programmes.. and they got richer... it was so rosy.. high dividend rates year in year out.
    Dr M, should provide a demographic breakdown on who actually became richer... and the categories... Such information would be useful so that PNB can study and introduce more new programmes to benefit a bigger category of Malaysians.
    And whats shocking is that... in this year and age, and after the so-called 40 years.... we still the B40 category who cant even makes ends meet in their daily commitments.. How sad is that? And why is that? Where did it go wrong?

    Posted 5 years ago by Kampung Boy · Reply