Latest news with #AliffOmarMohamadOmar
Barnama
29-05-2025
- Business
- Barnama
Ekuinas Committed Direct Investments Rose To RM4.9 Bln In FY2024
BUSINESS KUALA LUMPUR, May 29 (Bernama) -- Ekuiti Nasional Bhd's (Ekuinas) cumulative committed direct investment rose to RM4.9 billion in financial year 2024 (FY2024) from RM4.5 billion a year ago, with total economic capital deployed is RM5.6 billion. In a statement today, the government-linked private equity company said funds under management (FUM) increased by 19 per cent to RM5 billion. Its operating expenditure (OPEX)-to-FuM ratio remained steady at 1.1 per cent. The government-linked private equity company said the gross internal rate of return (GIRR) for Ekuinas Direct Tranche IV Fund was 38.9 per cent, while Tranche II Fund was 12.0 per cent. "Ekuinas Direct (Tranche III) Fund showed modest improvement with a GIRR of 1.6 per cent. Meanwhile, its outsourced programme reported GIRRs of 3.8 per cent (Tranche I) and -6.9 per cent (Tranche II)," it said. The earnings before interest, tax, depreciation and amortisation (Ebitda) of portfolio companies under Ekuinas Direct Funds grew by 3.3 per cent, rebounding from a 7 per cent contraction in 2023. UNITAR Education group recorded a soaring Ebitda of 77.2 per cent while Medispec (M) Sdn Bhd and Exabytes Capital Group achieved 48.7 per cent and 30.9 per cent Ebitda growth, respectively. "Ekuinas' headline achievement in FY2024 was the strategic divestment of a 50.2 per cent stake in ICON Offshore Bhd in March 2024. "Another key highlight was the roll-out of Ekuinas' RM800 million Private Credit Fund in November 2024 to provide shariah-compliant, highly bespoke and innovative financing to underserved mid-market businesses," it said. Chief executive officer Aliff Omar Mohamad Omar said the company sharpened its investment focus and unlocked meaningful value across portfolios.
New Straits Times
29-05-2025
- Business
- New Straits Times
Ekuinas posts solid FY2024 results, highlights strategic growth and impact
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) reported a strong performance for the financial year ended Dec 31, 2024 (FY2024), underpinned by resilient portfolio growth, disciplined investment strategies, and impactful capital deployment. The firm's cumulative committed direct investments rose to RM4.9 billion, up from RM4.5 billion the previous year, while total economic capital deployed increased to RM5.6 billion. Funds under Management (FuM) grew by 19 per cent to RM5 billion, maintaining an efficient OPEX-to-FuM ratio of 1.1 per cent. "In a year marked by global economic headwinds, Ekuinas portfolio companies demonstrated resilience and growth. Despite ongoing volatility in global markets, we remained focused on disciplined execution and long-term value creation," said chief executive officer Aliff Omar Mohamad Omar. EBITDA for Ekuinas' Direct Funds portfolio rose 3.3 per cent in FY2024, recovering from a 7 per cent contraction in 2023. Among the top performers were UNITAR Education Group, which saw its EBITDA surge 77.2 per cent, fuelled by digital initiatives and higher international student intake; Medispec (M) Sdn Bhd, which recorded 48.7 per cent growth from strategic expansion; and Exabytes Capital Group, which achieved 30.9 per cent growth amid increased SME demand for cloud services. Fund performance remained solid, with Ekuinas Direct Tranche IV delivering a Gross IRR (GIRR) of 38.9 per cent, Tranche II at 12 per cent, and Tranche III showing modest improvement at 1.6 per cent. "FY2024 was a transformational year for Ekuinas. Against a volatile backdrop, we sharpened our investment focus and unlocked meaningful value across our portfolios. Our pivot into healthcare and pharmaceuticals reflects our confidence in resilient, high-growth sectors, as seen in our investment in Symbiotica," Aliff Omar said in a statement. A major milestone in FY2024 was the profitable divestment of its 50.2 per cent stake in ICON Offshore Bhd, realising over RM500 million in cumulative gains during its decade-long holding, one of the few profitable institutional exits in the volatile oil & gas sector. Ekuinas also broadened its portfolio with strategic investments in Symbiotica Speciality Ingredients (April 2024) and Mizou Holdings. In November 2024, the company launched an RM800 million private credit fund to provide Shariah-compliant, tailored financing solutions for underserved mid-market companies. The fund completed its first transaction in early 2025, further positioning Ekuinas as a multi-asset investor. Aliff Omar said Ekuinas sees strong potential in highly niche and innovative enterprises such as Mizou, with their proprietary technology supporting the palm oil sector, which is vital to the Malaysian economy. He added that with the new Private Credit Fund, the firm is now even better positioned to catalyse growth in Malaysia's dynamic mid-market segment. Meanwhile, Ekuinas delivered tangible social impact. As of Dec 31, 2024, the firm generated RM6.9 billion in Bumiputera equity creation (1.6x capital invested) and RM8.8 billion in total shareholders' value (2.0x capital invested). Additionally, portfolio companies saw a 28.4 per cent increase in Bumiputera management representation and a 13.2 per cent rise in Bumiputera employment across portfolio companies. Through its ILTIZAM CSR platform, Ekuinas disbursed RM15.3 million in 2024 for entrepreneurship, education, and community programmes, reaching over 17,000 beneficiaries nationwide.
The Star
23-05-2025
- Business
- The Star
Ekuinas appoints Aliff Omar as new CEO
Ekuinas CEO Aliff Omar Mohamad Omar KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has announced the appointment of Aliff Omar Mohamad Omar as its chief executive officer (CEO), effective today. In a statement, Ekuinas said Aliff brings over 16 years of experience in corporate advisory and deal-making, along with a deep understanding of Malaysia's mid-market landscape. "Prior to joining Ekuinas, he held senior roles at UBS AG, CIMB Investment Bank, and Maybank Investment Bank, where he advised on landmark mergers and acquisitions as well as capital market transactions across Southeast Asia. "A graduate of Northwestern University and the University of Cambridge, Aliff is well-regarded for his strategic vision, financial acumen, and commitment to Ekuinas' dual mandate of delivering sustainable financial returns and driving inclusive economic growth,' it said. Ekuinas chairman Tan Sri Shahril Ridza Ridzuan said the board is confident that Aliff's leadership will strengthen Ekuinas' position in the Malaysian private capital ecosystem and steer the organisation into its next phase of strategic impact. Meanwhile, Aliff said Ekuinas will continue to invest with discipline, operate with integrity, and deliver outcomes that go beyond financial returns, empowering businesses, uplifting communities, and unlocking opportunities for the next generation of Malaysian champions. - Bernama
New Straits Times
23-05-2025
- Business
- New Straits Times
Aliff Omar named CEO of Ekuinas
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has appointed Aliff Omar Mohamad Omar as chief executive officer (CEO), effective today. Aliff had been acting CEO since April 1, 2025. He joined Ekuinas in 2017 and previously served as senior director, investment, leading deals in the energy, consumer and technology sectors. Ekuinas chairman Tan Sri Shahril Ridza Ridzuan said the board is confident that Aliff's leadership will strengthen Ekuinas' position in the Malaysian private capital ecosystem and take the organisation into its next phase of strategic impact. In a statement, Aliff said the firm is entering a pivotal new chapter, a chapter that will see the group evolve and grow alongside the rapidly changing private capital landscape. "With the introduction of private credit at the end of financial year 2024, Ekuinas has taken a bold step beyond our roots in private equity, expanding our platform into the broader private capital space," he added. Aliff also said the group's mission remains to create meaningful, measurable value for its stakeholders and contribute to a more inclusive and resilient economy. "We will continue to invest with discipline, operate with integrity and deliver outcomes that go beyond returns — empowering businesses, uplifting communities, and unlocking opportunities for the next generation of Malaysian champions," he said. Aliff has over 16 years of experience in corporate advisory, having held roles at UBS AG, CIMB Investment Bank, and Maybank Investment Bank. He is a graduate of Northwestern University and the University of Cambridge.
