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PAC summons Amir Hamzah over sale of shares, privatisation of MAHB
PAC summons Amir Hamzah over sale of shares, privatisation of MAHB

Free Malaysia Today

time09-07-2025

  • Business
  • Free Malaysia Today

PAC summons Amir Hamzah over sale of shares, privatisation of MAHB

PAC chairman Mas Ermieyati Samsudin said finance minister II Amir Hamzah Azizan is being summoned as part of the committee's proceedings related to the management of public airports. PETALING JAYA : The Public Accounts Committee has summoned finance minister II Amir Hamzah Azizan to provide testimony regarding the sale of shares and privatisation of Malaysia Airports Holdings Bhd tomorrow. Its chairman, Mas Ermieyati Samsudin, said Amir Hamzah is being summoned as part of the PAC's proceedings related to the management of public airports, in which the committee has conducted six proceedings over the past week. Among the witnesses were former MAHB CEO Raja Azmi Raja Nazuddin, Hong Leong Investment Bank Bhd CEO Lee Jim Leng, and Retirement Fund Inc (KWAP) CEO Nik Amlizan Mohamed. Permodalan Nasional Bhd president and group CEO Abdul Rahman Ahmad, Bursa Malaysia CEO Fad'l Mohamed, and Securities Commission Malaysia executive director Zain Azhari Mazlan – representing SC chairman Faiz Azmi – were also called. Among the witnesses called last month were former EPF chairman Ahmad Badri Zahir, EPF chief investment officer Rohaya Yusof, Khazanah board member Goh Ching Yin, and Khazanah Nasional executive director Wong Shu Hsien. Mas Ermieyati said the PAC has now conducted 14 proceedings on the issue of public airport management and will table its report after receiving testimony from all the relevant stakeholders. Last December, she had announced that the PAC would start an inquiry into airport management involving MAHB, the finance ministry, and Khazanah. The PAC was previously called on to probe the privatisation of MAHB, in particular the rationale of selling 30% of MAHB's shares to the Abu Dhabi Investment Authority (Adia) and Global Infrastructure Partners (GIP). Global investment firm BlackRock, which allegedly has connections with Israel and its military, completed its acquisition of GIP in October. GIP and Adia are taking up a 30% stake in MAHB through a consortium led by Khazanah. The rest will be owned by Khazanah (40%) and EPF (30%). Critics of the MAHB privatisation deal have claimed that EPF lost RM500 million in stock trading from buying back MAHB shares at higher prices after selling them at lower rates. Mas Ermieyati previously said PAC's inquiry into MAHB would not be limited to its privatisation deal, but would include issues related to the management of public airports, including the hike in airfares to Sabah and Sarawak, and the delayed reinstallation of the aerotrain service at KLIA.

Amir Hamzah to testify before PAC on MAHB privatisation tomorrow
Amir Hamzah to testify before PAC on MAHB privatisation tomorrow

Malay Mail

time09-07-2025

  • Business
  • Malay Mail

Amir Hamzah to testify before PAC on MAHB privatisation tomorrow

KUALA LUMPUR, July 9 — The Public Accounts Committee (PAC) has summoned Finance Minister II Datuk Seri Amir Hamzah Azizan to testify regarding the sale of shares and privatisation of Malaysia Airports Holdings Berhad (MAHB), tomorrow. PAC chairman Datuk Mas Ermieyati Samsudin, in a statement today, said this was to continue proceedings on the management of public airports under the Ministry of Finance, MAHB, Khazanah Nasional Berhad, and the Employees Provident Fund (EPF). She said that throughout this week, the PAC had held six proceedings related to the matter involving six witnesses. They were former MAHB chief executive officer Raja Azmi Raja Nazuddin, Hong Leong Investment Bank Berhad (HLIB) CEO Lee Jim Leng, and Retirement Fund Incorporated (KWAP) CEO Datuk Nik Amlizan Mahamed. Others included Permodalan Nasional Berhad (PNB) group president and CEO Datuk Abdul Rahman Ahmad, Bursa Malaysia CEO Datuk Fad'l Mohamed, and Securities Commission (SC) executive director Datuk Zain Azhari Mazlan, who represented SC chairman Datuk Mohammad Faiz Azmi. 'As of now, the PAC has held a total of 14 proceedings related to the public airport management issue. The PAC will only table its report after recording statements from all relevant parties,' she said. — Bernama

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