Saham Amanah Sabah Declares Interim Income Distribution Of 4.20 Pct

KOTA KINABALU: Sabah Chief Minister Datuk Hajiji Noor today announced the first interim income distribution of 4.2 per cent for Saham Amanah Sabah (SAS) for 2021.

Hajiji, who is also state Finance Minister, said the income would be paid to 49,626 investors comprising 42,114 (84.86 per cent) individual investors; 7,317 (14.74 per cent) investors under the poor people’s housing project (PPRT) scheme; 147 (0.30 per cent) investors through bank loans, and 48 (0.10 per cent) corporate investors.

“SAS has managed to earn a net income of RM52,987,461 as at Feb 22, 2021,” he said in a statement after attending a briefing on the performance and achievements of SAS by Saham Sabah Bhd (SSB) deputy chairman Luvita Koisun.

Hajiji said the commendable achievement brought in income returns of 12.07 per cent based on the fund’s net asset value per unit of RM0.3478 on Jan 2, 2021, involving cash payment of RM51,709,980, according to the number of units held by 1.231 billion investors.

SSB, which is wholly-owned by the Sabah government, is the fund manager of SAS. 

Since its inception 26 years ago, SAS has declared 23 distributions involving a total payment of RM694.94 million. 

Stock market investments accounted for 98.17 per cent of SAS’ income, followed by dividends (1.43 per cent) and the money market (0.4 per cent).

Hajiji said although the global stock market was experiencing volatility due to the COVID-19 pandemic, the state government was able to provide returns to SAS unitholders.

“I would like to invite potential investors and existing investors, especially state government agencies that have the liquidity to invest, to come forward as there are still SAS units that can be subscribed,” he said.