The Ministry of Finance (MOF) has announced the appointment of Prime Minister Muhyiddin Yassin as the chairperson of Khazanah Nasional Bhd.

In a statement today, the MOF said Finance Minister Tengku Zafrul Tengku Abdul Aziz, as well as Mohammed Azlan Hashim, have been appointed as its members, adding that the appointments are effective immediately.

In a separate statement, Khazanah said it is looking forward to work with the newly-reconstituted board in fulfilling its mandate as the sovereign wealth fund of Malaysia.

It had also announced that Dr Mahathir Mohamad has stepped down as chairperson and member of the board effective March 25, 2020.

“On behalf of the management and staff, Khazanah would like to record our thanks and appreciation to Mahathir for his leadership, guidance and contributions throughout his tenure as chairperson,” added Khazanah.

- Bernama