KUALA LUMPUR: The government will retain full control of Malaysia Airports Holdings Bhd (MAHB), says Datuk Seri Amir Hamzah Azizan (pic).

“The management of MAHB will not be taken over by foreigners. MAHB will continue to be controlled by the government, in terms of ownership, management and security aspects,” the Finance Minister II said during his ministry’s explanation in the Parliament special chambers on Wednesday (July 3).

He said the Khazanah Nasional Bhd-Employees Provident Fund (EPF) consortium will acquire the remaining 59% stake in MAHB owned by various investors.

“The intention is for MAHB not to be listed and for the consortium to own a 100% stake.

“This means the consortium is not selling its stake but is buying MAHB shares instead.

“Hence, the issue of Khazanah selling MAHB’s shares to foreign investors does not arise,” he said.

“The government will continue to hold ‘golden shares’ in MAHB. Based on its rights as the golden shareholder, it has the authority to appoint the chairman and managing director of MAHB, both of whom must be Malaysian citizens,” he said.

More to come