Latest news with #EkuitiNasionalBhd
Barnama
18 hours ago
- Business
- Barnama
Ekuinas Empowers 19 Bumiputera SMEs Under ILTIZAM Catalyst 2024
KUALA LUMPUR, Aug 17 (Bernama) -- Ekuiti Nasional Bhd (Ekuinas) has empowered 19 Bumiputera small and medium enterprises (SMEs) that have strengthened their performance and elevated their businesses through ILTIZAM Catalyst 2024, a flagship programme under ILTIZAM's Entrepreneurship pillar. In a statement today, Ekuinas chairman Tan Sri Shahril Ridza Ridzuan said that over the past nine months, these companies had undergone a structured transformation. He said the programme focused on strengthening their business foundations across four areas — financial management and compliance, branding and digital marketing, technology adoption, and leadership.
The Star
20 hours ago
- Business
- The Star
Ekuinas empowers 19 Bumiputera SMEs through ILTIZAM Catalyst 2024
Tan Sri Shahril Ridza Ridzuan KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has celebrated the achievements of 19 Bumiputera small and medium enterprises (SMEs) that successfully elevated their businesses through ILTIZAM Catalyst 2024, the flagship programme under its corporate social responsibility (CSR) platform, ILTIZAM. 'Over the past nine months, these companies have undergone a structured transformation focused on strengthening their business foundations across four key areas: financial management and compliance, branding and digital marketing, technology adoption and leadership,' Ekuinas chairman Tan Sri Shahril Ridza Ridzuan said at the ILTIZAM Catalyst 2024 Achievement Ceremony. 'ILTIZAM Catalyst is designed to sharpen strategic thinking, nurture talent, strengthen operations and governance, and encourage innovative thinking. It is more than a mentoring programme. It is a complete ecosystem that delivers knowledge, network, confidence, and the courage to create and seize new opportunities,' he said. Ekuinas said it provided over RM70,000 in technical support to every company in the ILTIZAM Catalyst 2024 cohort. Chief executive officer Aliff Omar Mohamad Omar said ILTIZAM Catalyst has supported 57 companies across various industries such as education, F&B, healthcare and IT services since its inception in 2022. He added that the programme has delivered tangible results, with 95% of participants reporting clearer business direction, 89% strengthening their entrepreneurial mindset and leadership, 79% boosting brand visibility and market presence, and 68% increasing product profitability. In 2024, Ekuinas disbursed RM15.3 million under ILTIZAM for entrepreneurship, education and community initiatives, benefiting over 17,000 individuals and businesses nationwide. To date, more than RM115 million has been channelled towards socio-economic development across Malaysia. Applications for ILTIZAM Catalyst 2026 open on Oct 16, with Bumiputera SMEs that have at least two years of profits and annual revenue between RM300,000 and RM1 million encouraged to apply to scale their businesses. For more information, visit
New Straits Times
4 days ago
- Business
- New Straits Times
Nineteen Bumiputera SMEs thrive under Ekuinas' Iltizam
KUALA LUMPUR: Nineteen Bumiputera small and medium enterprises (SMEs) have improved their performance and expanded their businesses through Ekuiti Nasional Bhd's (Ekuinas) Iltizam empowerment initiatives. This was achieved via Iltizam Catalyst 2024, the flagship programme under its entrepreneurship pillar. Ekuinas chairman Tan Sri Shahril Ridza Ridzuan said the companies underwent a structured transformation aimed at reinforcing their business foundations in four key areas: financial management and compliance, branding and digital marketing, technology adoption, and leadership. "Iltizam Catalyst is designed to sharpen strategic thinking, nurture talent, strengthen operations and governance and encourage innovative thinking. "It is more than a mentoring programme. It is a complete ecosystem that delivers knowledge, network, confidence and the courage to create and seize new opportunities," he said at Iltizam Catalyst 2024 achievement ceremony. Ekuinas chief executive officer Aliff Omar Mohamad Omar said based on the key performance indicators set in 2023, Iltizam Catalyst 2024 has achieved strong and measurable outcomes. He said 95 per cent of participants gained clearer business direction, 89 per cent strengthened their entrepreneurial mindset and leadership readiness, 79 per cent boosted brand visibility and market presence, and 68 per cent recorded higher product profitability. In 2024, Ekuinas allocated RM15.3 million under Iltizam for initiatives in entrepreneurship, education, and community upliftment, benefiting over 17,000 individuals, families and businesses nationwide. Of this, RM5 million was dedicated to entrepreneurship-focused programmes, including Iltizam Catalyst and Iltizam Advance. Since its launch, Iltizam has channelled more than RM115 million towards socio-economic development across Malaysia.
The Star
29-05-2025
- Business
- The Star
Ekuinas committed direct investments up to RM5bil for FY24
KUALA LUMPUR: Ekuiti Nasional Bhd's (Ekuinas) cumulative committed direct investments rose to RM4.9bil last year (FY24) from RM4.5bil a year ago, with total economic capital deployed at RM5.6bil. In a statement yesterday, the government-linked private equity company said funds under management increased by 19% to RM5bil. Its operating expenditure-to-funds under management ratio remained steady at 1.1%. The private-equity company said the gross internal rate of return (GIRR) for the Ekuinas Direct Tranche IV Fund was 38.9%, while Tranche II Fund was 12%. 'Ekuinas Direct Tranche III Fund showed modest improvement with a GIRR of 1.6%. Meanwhile, our outsourced programme reported GIRRs of 3.8% for Tranche I and minus 6.9% for Tranche II,' Ekuinas said. The earnings before interest, tax, depreciation and amortisation (Ebitda) of portfolio companies under Ekuinas Direct Funds grew by 3.3%, rebounding from a 7% contraction in 2023. Unitar Education group recorded Ebitda of 77.2% while Medispec (M) Sdn Bhd and Exabytes Capital Group achieved 48.7% and 30.9% Ebitda growth, respectively. — Bernama
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.
