Bin Zayed International Deepens Commitment to Malaysia with Strategic Stake in Turiya Bhd
As part of its commitment to establishing Malaysia as its regional hub for driving investments across Southeast Asia, Bin Zayed International (BZI)—via its Singapore-based entity, Bin Zayed (S) Pte Ltd—has acquired a significant 28.89% stake in Turiya Berhad, a well-established Malaysian conglomerate listed on Bursa Malaysia.
The acquisition was completed on 26 March 2025, involving the purchase of 66,080,324 ordinary shares from Khidmat Kejora Sdn Bhd. The deal positions Bin Zayed (S) Pte Ltd as one of the largest shareholders in Turiya Berhad.
Established in 1961, Turiya operates in two key sectors: real estate and specialty chemicals for the semiconductor industry. With operations across Malaysia and Singapore, the company owns and manages Wisma Chase Perdana, a prominent office tower in Kuala Lumpur’s upscale Damansara Heights.
Its subsidiary, Pyramid Manufacturing Industries Pte Ltd, plays a crucial role in the production of electroplating chemicals used in advanced sectors such as electronics and automotive manufacturing. Turiya’s diverse portfolio and steady revenue generation make it a strong strategic fit for regional investors seeking long-term, innovation-led growth.
This investment represents Bin Zayed International’s maiden foray into Malaysia’s capital market, reinforcing its ambition to expand its footprint across the region. The move also reflects the group’s conviction that Malaysia offers rich opportunities for value creation—especially at a time when the nation’s economy is poised for steady growth in 2025, despite global uncertainties surrounding US tariff policies and trade dynamics.
Headquartered in the United Arab Emirates, BZI has been actively expanding its presence in Asia, having established offices in both Singapore and Malaysia in 2024. The Malaysian office, located in the prestigious Tun Razak Exchange (TRX), is set to anchor over US$2 billion in investments over the next five years across high-potential sectors including technology, renewable energy, infrastructure, and property.
Speaking about the acquisition, Dato’ Sri Dr Shamir Kumar Nandy, Managing Director of Bin Zayed International (M) Berhad, said: “This acquisition is significant on two fronts. Firstly, it reflects our confidence in Turiya Bhd’s potential. Secondly, and more importantly, it underlines our belief in the long-term prospects of the Malaysian and Southeast Asian economies.”
He added, “We are here to build, collaborate, and create lasting value in the region. As part of our broader investment strategy, we are committed to identifying and nurturing businesses that align with our values—sustainable growth, forward-thinking leadership, and inclusive business models that benefit both the economy and society.
“This acquisition is a meaningful step in that journey, and a clear signal of our ongoing belief in Southeast Asia as a global hub of opportunity.”
The move aligns with BZI’s overarching investment strategy across six high-impact sectors: real estate, sustainable and renewable energy, infrastructure and government concessions, technology, and financial services.
With this acquisition, the group strengthens its global investment portfolio while creating synergies and pathways for further regional expansion. Turiya Berhad’s sound fundamentals and presence in future-oriented industries position it as an ideal partner for BZI’s long-term vision.
In addition to its commercial endeavours, Bin Zayed International continues to invest in human capital development. One of its recent regional initiatives includes a scholarship programme launched in partnership with Perdana University, aimed at supporting aspiring doctors from underprivileged backgrounds.
The programme offers 11 fully funded medical scholarships to students from Malaysia’s B40 community, with an endowment totalling RM4.474 million. The initiative underscores BZI’s belief that education is a transformative force—one capable of lifting individuals and communities out of poverty. By equipping students with quality education, the group hopes to empower a new generation with the tools to secure better futures.
Despite ongoing geopolitical challenges—such as US-imposed tariffs under the Trump administration—Southeast Asia remains one of the world’s fastest-growing regions. ASEAN is projected to become the fourth-largest economy globally by 2030, making it an increasingly attractive destination for long-term investors.
“Our goal is to be a trusted strategic partner in the region’s development,” said Dr Shamir. “We’re not interested in short-term gains. Our approach is rooted in long-term value creation—through smart capital deployment, knowledge sharing, and partnerships that promote both economic and social progress.”
He concluded, “This acquisition is one of many initiatives we are pursuing. Whether it’s building infrastructure, empowering local enterprises, or investing in education, our aim is to support projects that are financially sound, environmentally sustainable, and socially inclusive. That is what sustainable investment means to us—and it forms the foundation of our presence in this region.”
With this strategic move, Bin Zayed International reaffirms its position as part of a new wave of global investors—committed not only to creating value but also to making a lasting impact.
