KUALA LUMPUR: Lembaga Tabung Haji (TH) has successfully restored its balance sheet after a restructuring plan which saw its underperfoming assets transferred to a Special Purpose Vehicle (SPV) and expects to announce dividends soon, the Dewan Rakyat was told.
Minister in the Prime Minister Datuk Seri Dr Mujahid Rawa defended the setting up of the SPV, saying that it was the best option to protect depositors, which saw TH recording assets worth RM76.5bil against liabilities and deposits of RM75.5bil last year.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
