29-07-2025
Govt aims to list two bumiputra companies by year-end
KUALA LUMPUR: The government aims to have at least two bumiputra companies listed on Bursa Malaysia by the end of this year.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the Bumiputra Rapid Acceleration and Value Enhancement programme launched yesterday will be a game-changer in building and boosting the bumiputra entrepreneurial ecosystem towards achieving that target.
He said the initiative would offer alternative financing of up to RM1mil for high-performing bumiputra companies at a competitive rate of just 3.5%, in addition to introducing comprehensive capacity building initiatives to help companies advance to a higher level.
'A total of 15 companies will be selected in the initial phase, and from that number, five will receive intensive mentoring to prepare them for listing on Bursa Malaysia by the end of this year,' he said in a speech at the launch of the initiative in Parliament yesterday.
His speech was delivered by the Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick. — Bernama
