10 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 CHAIRMAN’S MESSAGE DEAR SHAREHOLDERS, This year marks a significant milestone as we proudly commemorate fifty (50) years of Kenanga Investment Bank Berhad (“Kenanga” or “KIBB” or “the Company”), a journey defined by resilience and enduring legacy. Reflecting upon this half-century, we witness Kenanga and Its Group of Companies (“Kenanga Group” or “the Group”) standing the test of time, creating value, and reshaping Malaysia’s investment landscape. As a homegrown brand, our role in democratising investing has empowered ordinary Malaysians to build and generate wealth. Beyond this, our approach is distinguished by a profound sense of responsibility, acknowledging our role as the gateway in helping our clients achieve their financial goals. A cornerstone of our success is undoubtedly the steadfast support from our stakeholders — shareholders, regulators, trusted business partners and valued clients. Your continuous confidence in us has been instrumental in propelling Kenanga forward throughout the decades, cementing our position as the country’s leading and award-winning independent investment bank. I would like to take this opportunity to extend my heartfelt gratitude for the enduring trust bestowed upon us. This trust serves as a beacon, inspiring us to continually strive for excellence. OVERVIEW This year has proven to be noteworthy for the Group. Despite challenges posed by the global environment such as inflationary pressures which led to high interest rate, as well as the lingering impact of the pandemic and geopolitical conflicts, the Group achieved commendable results. We are pleased to report a Revenue of RM821.1 million and a Profit Before Tax (“PBT”) of RM88.1 million, with Net Profit standing at RM72.8 million. In consideration of these results, the Board is delighted to declare a dividend of 7.00 sen per share, totaling dividend payable of RM51.5 million for Financial Year Ended 31 December 2023 (“FY2023”). UPHOLDING GOOD GOVERNANCE At the core of Kenanga Group’s operations is a persistent focus on maintaining the highest standards of good governance. In 2023, our Whistleblowing Policy was refined to include a comprehensive Speak Up Framework and a Speak Up Policy that lays the foundation for the Framework and provides, among others, assurance
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