SHAH ALAM, April 20 — Menteri Besar Selangor (Incorporated), or MBI, is looking to explore various new investment ventures that aren’t limited to the property sector, said CEO Dato’ Saipolyazan M. Yusop.
He said among MBI’s plans is to take over companies with potential to earn sustainable revenue and achieve profit targets this year.
“At MBI itself, we see new potential where we don’t want to depend too much on the property sector, so God willing, there are some companies with potential that we will try to take over.
“We will invest from these companies so MBI has sustainable income in the future, with a target of RM6 billion. God willing, we will exceed the current target of RM8 billion,” he told reporters on the sidelines of the Tautan Kasih event, held by MBI at Setia City Convention Centre, here today.
Saipolyazan added that MBI is working to adapt current circumstances to effects of the West Asia conflict, including by assessing more sustainable business modules and potential.
As a state corporate entity that drives strategic investment, MBI must strengthen its income continuity to boost the economy and help the people, he said.
“We try to make sure this income continuity can be (maintained) and Selangoreans can be helped by profits generated by MBI Selangor,” Saipolyazan added.
The West Asia conflict came to a head on February 28 when the United States and Israel launched strikes on Iran. Tehran responded by targeting US assets in Gulf nations and blocking the Strait of Hormuz through which nearly one-fifth of the world’s oil supply transits.
