Yayasan Sabah receives RM70 Mil dividend from Sabah Softwoods, up RM10 Mil from 2023
Published on: Sunday, May 18, 2025
Published on: Sun, May 18, 2025 Text Size: The Sabah state government, through Yayasan Sabah, has received a RM70 million dividend from Sabah Softwoods Berhad (SSB) for 2024, an increase of RM10 million from the RM60 million received in 2023. SSB Chairman Datuk Mohd Arsad Bistari said the significant increase reflects the company's continued commitment to contributing to state revenue through income generation under Yayasan Sabah's portfolio.
Advertisement 'The RM70 million dividend payment for 2024 represents an improved performance compared to 2023, when RM60 million was paid out. "This increase demonstrates SSB's dedication to sustainable profitability and its role in boosting state income, especially for Yayasan Sabah as the majority shareholder,' Arsad said. The mock cheque was handed over by Arsad to Sabah Chief Minister Datuk Seri Hajiji Noor, who also chairs the Yayasan Sabah Board of Trustees, during a courtesy visit by the SSB board at Menara Kinabalu on Thursday. During the visit, Arsad also expressed appreciation to the board for approving a 30-year extension of the Sapangar land lease, owned by a Yayasan Sabah subsidiary.
Advertisement The extension is expected to ensure operational stability and continuity for SSB's timber, palm oil, and processing sectors in alignment with the state's development agenda. 'The board's approval of the 30-year lease extension is a strategic and important decision to secure SSB's long-term operations and stability in line with the Sabah Maju Jaya (SMJ) roadmap,' he added. Also present during the visit were Yayasan Sabah Director Datuk Seri Ghulamhaidar Khan Bahadar, Innoprise Corporation Executive Chairman Datuk Jasnih Daya, and SSB Chief Executive Officer Datuk Mohd Daud Tampokong. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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