KUALA LUMPUR: Koperasi Amanah Pelaburan Bhd (KAPB) has announced a dividend payout of eight per cent for financial year 2023 (FY23).
This was approved by the board of directors but is subject to final approval at the cooperative's annual general meeting on May 25.
The dividend pay out will be distributed to more than 14,000 KAPB members from June.
KAPB 's new chairman Tan Sri Abdul Aziz Zainal said the proposed dividend payout would amount to about RM30 million.
He noted that KAPB has retained its record of consistently delivering high returns of investments of between eight and 15 per cent annually since its inception 10 years ago.
"It is by no exaggeration, an extremely encouraging achievement, more so due to the multitude of challenges faced last year, including the testing economic climate and a tragedy involving one of KAPB's aircraft.
"KAPB is persistently forward-thinking compared to other investment institutions or cooperatives, and is the only cooperative with such a diverse and strategic investment portfolio, ranging from premium investments on property, automotive, aircraft, and luxury yacht leasing and sale, e-hailing to factoring and investing in a television station," he told a press conference here today.
KAPB also announced the appointment of Abdul Aziz as its new chairman, succeeding Datuk Mohamed Ilyas Pakeer Mohamad who had left the cooperative since its inception in 2014.
Abdul Aziz held prominent positions previously such as the 16th Armed Forces chief, the 21st army chief and an ambassador to France.
Taking on his new role, Abdul Aziz said he was committed to bringing KAPB to another level.
"I am committed to ensuring the continuity of KAPB's excellent performance under Mohamed Ilyas' leadership and bring it to a higher level.
"It is with pleasure that I announce that KAPB will venture into new business areas, such as healthcare, information technology, hoteling and Ar Rahnu," he added.
Abdul Aziz said KAPB is still in the early stages of pursuing some of the new business areas.
He noted the company is committed to venturing into new segments to pull in more members.
"Our target is to get about five per cent new members onboard every year," he added.