Latest news with #MohdNasirAhmad
The Star
01-07-2025
- Business
- The Star
Prasarana announces appointment of new group chairman, CEO
KUALA LUMPUR: Prasarana Malaysia Bhd (Prasarana) today announced the appointment of Tan Sri Mohd Nasir Ahmad as its new group chairman, effective August 1, replacing Tan Sri Jamaludin Ibrahim, who retired last April 30. Mohd Nasir was Perbadanan Usahawan Nasional Bhd (PUNB) chief executive officer (CEO) until June 1, 2011. In 2018, he was appointed group chairman of CIMB Holdings Bhd. Prasarana, in a statement, also announced the appointment of its group chief operating officer (Operations), Amir Hamdan, as acting president and group CEO effective July 15, replacing Mohd Azharuddin Mat Sah, whose term expires on July 14. Amir joined Prasarana in 2019 as deputy chief financial officer before being appointed as the CEO of Rapid Rail Sdn Bhd in 2022. During his tenure at Rapid Rail, he has driven various improvement initiatives that have contributed to increasing operational efficiency and reliability of rail services. Amir holds a Bachelor of Commerce from Lincoln University of New Zealand and a Master's in Islamic Finance Practice from INCEIF University. He is also a certified member of the Association of Chartered Certified Accountants (ACCA). Prasarana also expressed its appreciation and gratitude to Jamaludin and Mohd Azharuddin for their services and leadership throughout their tenure with the company. Their leadership has led to the success of Prasarana recording the highest daily rail and bus passenger count as Dec 31, 2024, which is 1.5 million, reducing the number of rail service disruptions from 255 in 2022 to 71 disruptions in 2024, as well as the introduction of several new initiatives such as the Rapid On-Demand (ROD) van service. - Bernama
The Sun
01-07-2025
- Business
- The Sun
Prasarana announces appointment of new Group Chairman, CEO
KUALA LUMPUR: Prasarana Malaysia Berhad (Prasarana) today announced the appointment of Tan Sri Mohd Nasir Ahmad as its new Group Chairman, effective August 1, replacing Tan Sri Jamaludin Ibrahim, who retired last April 30. Mohd Nasir was Perbadanan Usahawan Nasional Berhad (PUNB) Chief Executive Officer until June 1, 2011. In 2018, he was appointed CIMB Holdings Berhad Group Chairman. Prasarana, in a statement, also announced the appointment of its Group Chief Operating Officer (Operations), Amir Hamdan, as Acting President and Group Chief Executive Officer effective July 15, replacing Mohd Azharuddin Mat Sah, whose term expires on July 14. Amir joined Prasarana in 2019 as Deputy Chief Financial Officer before being appointed as the Chief Executive Officer of Rapid Rail Sdn Bhd in 2022. During his tenure at Rapid Rail, he has driven various improvement initiatives that have contributed to increasing operational efficiency and reliability of rail services. Amir holds a Bachelor of Commerce from Lincoln University of New Zealand and a Master's in Islamic Finance Practice from INCEIF University. He is also a certified member of the Association of Chartered Certified Accountants (ACCA). Prasarana also expressed its appreciation and gratitude to Jamaludin and Mohd Azharuddin for their services and leadership throughout their tenure with the company. Their leadership has led to the success of Prasarana recording the highest daily rail and bus passenger count as Dec 31, 2024, which is 1.5 million, reducing the number of rail service disruptions from 255 in 2022 to 71 disruptions in 2024, as well as the introduction of several new initiatives such as the Rapid On-Demand (ROD) van service.
The Star
17-06-2025
- Business
- The Star
Trading ideas: MBSB, FGV, Malakoff, Berjaya Land, Solarvest, Deleum, CIMB, Compugates, Sersol, Poh Kong
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. MBSB Bhd has approved Islamic financing facilities totalling RM180.0mn for Mag Holdings Bhd to strengthen its operations across the halal aquaculture value chain. The Federal Land Development Authority today said it has dispatched the offer documents for its plan to privatise FGV Holdings Bhd , with the offer closing at 5pm on 7 July 2025, unless extended. Malakoff Corporation Bhd 's unit Malakoff Radiance Sdn Bhd has teamed up with New Energy Asia Sdn Bhd to jointly deploy electric vehicle charging infrastructure. Berjaya Land Bhd has signed a memorandum of understanding with Sweden-based SIBS Sdn Bhd to deliver climate-resilient modular housing in Greenland. Solarvest Holdings Bhd has, via a joint venture company, secured a 25-year power purchase agreement with the government of Brunei to invest in, build, and operate a 30MWac solar photovoltaic power plant. Deleum Bhd , through its indirect unit Deleum Oilfield Solutions (Thailand) Co Ltd, is buying Thailand-based MPC Future Co Ltd's oilfield service assets and business for RM60.0mn through a combination of cash and share issuance in a subsidiary. Former head honcho of Securities Commission Malaysia, Datuk Syed Zaid Albar will take over as group chairman of CIMB Group Holdings Bhd from Tan Sri Mohd Nasir Ahmad, effective 20 July 2025. Compugates Holdings Bhd executive director See Thoo Chan has acquired 7.1mn shares or 0.12% stake in Compugates for RM106,299. He now holds a direct interest of 7.9%. Sersol Bhd 's executive director Datuk Mohamed Suffian Awang has reemerged as the company's largest shareholder, after acquiring a 13.7% stake. Poh Kong Holdings Bhd 's 3QFY25 net profit came in almost unchanged at RM47.6mn compared to RM47.7mn a year ago mainly due to higher income tax and operating expenses.
Malay Mail
16-06-2025
- Business
- Malay Mail
CIMB Group names former Securities Commission head Syed Zaid Albar as new chairman
KUALA LUMPUR, June 16 — CIMB Group Holdings Bhd (CIMB) has announced the appointment of Datuk Syed Zaid Albar as its group chairman, effective July 20, 2025. He will succeed Tan Sri Mohd Nasir Ahmad, who will retire from the board on July 19, 2025. In line with the transition, Syed Zaid will be appointed as an independent non-executive director effective June 18, 2025. Mohd Nasir said Syed Zaid's leadership and extensive corporate experience across legal industry, financial and regulatory landscape will bring valuable perspective in guiding CIMB through its next chapter of growth and transformation. 'We are confident that his stewardship will provide strong guidance in driving the success of the group's Forward30 strategic plan,' he said In a statement today, . CIMB Group said that Syed Zaid is a lawyer with four decades of experience across a broad range of practice areas, with a strong focus on financial services and corporate advisory. He stepped away from legal practice in 2018 to assume the role of executive chairman of the Securities Commission Malaysia (SC), a position he held until mid-2022. 'During his tenure at SC, he played a key role in strengthening the governance, regulatory oversight and the development of Malaysia's capital markets, both domestically and internationally,' it said. Novan Amirudin, group chief executive officer of CIMB Group, said that the company looks forward to being guided by Syed Zaid as the bank executes its Forward30 strategic plan over the next six years, which anchors on the group's purpose of advancing customers and society. 'Our goal is to be the top-of-mind Asean bank, reimagining banking by embedding ourselves into our customers lives and keeping our customers at the heart of everything we do,' he added. — Bernama
New Straits Times
16-06-2025
- Business
- New Straits Times
CIMB names former SC top executive Syed Zaid Albar as new group chairman
KUALA LUMPUR: CIMB Group Holdings Bhd has appointed former head of the Securities Commission Datuk Syed Zaid Albar as the group chairman effective from July 20. He will succeed Tan Sri Mohd Nasir Ahmad, who will retire from the board on July 19 after serving CIMB for 10 years since 2015, including as group chairman since 2018. In line with the transition, Datuk Syed Zaid will be appointed as an independent non-executive director effective from June 18. Mohd Nasir Ahmad said Syed Zaid's leadership and extensive corporate experience across legal industry, financial and regulatory landscape will bring valuable perspective in guiding CIMB through its next chapter of growth and transformation. "We are confident that his stewardship will provide strong guidance in driving the success of the Group's Forward30 strategic plan," he said in a statement. Syed Zaid is a lawyer with four decades of experience across a broad range of practice areas, with a strong focus on financial services and corporate advisory. As one of the founding partners of Albar & Partners, he has established himself in Malaysia's capital market and legal landscape, particularly in debt and equity finance, including Islamic finance. His significant contributions have earned him multiple recognitions for his involvement in notable capital market transactions. Syed Zaid stepped away from legal practice in 2018 to assume the role of executive chairman of the SC, a position he held until mid-2022. During his tenure at the SC, Syed Zaid played a key role in strengthening the governance, regulatory oversight and the development of Malaysia's capital markets, both domestically and internationally. He rejoined Albar & Partners in early 2023 as a senior partner, taking on an advisory role and professional development. Syed Zaid previously served the boards of numerous public listed companies, including Yinson Holdings Bhd, Cycle & Carriage Bintang Bhd, Malaysian Pacific Industries Bhd and Malaysia Building Society Bhd. CIMB group chief executive officer Datuk Novan Amirudin said it looks forward to Syed Zaid's guidance as it executes Forward30 strategic plan over the next six years, which is anchored on its purpose of advancing customers and society. "Our goal is to be the top-of-mind Asean bank, reimagining banking by embedding ourselves into our customers lives and keeping our customers at the heart of everything we do. "I would like to extend our deepest appreciation to Mohd Nasir for his exemplary leadership and invaluable contributions over the past decade.
