This article first appeared in The Edge Financial Daily on February 7, 2018 - February 13, 2018

KUALA LUMPUR: Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar is unfazed by the heavy losses on Bursa Malaysia amid a global sell-off in equities.

“Today’s correction in the market? We’re quite cool about it because the coverage of our assets and our liabilities is more than three times,” he said.

Speaking to reporters on the sidelines of the World Capital Market Symposium, Azman said Khazanah is “primed for growth and resilience to any market volatility”.

Khazanah reported a record-high portfolio (net worth adjusted) of RM115.6 billion as at Dec 31, 2017, compared with RM102.1 billion in 2016.

Azman said the 13.2% year-on-year growth is higher that its average 9.6% growth per annum.

Khazanah’s realisable asset value cover ratio increased to 3.1 times from 2.9 times in 2016.

Khazanah has investments in companies such as CIMB Group Holdings Bhd, Axiata Group Bhd and Tenaga Nasional Bhd.