KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 11 10 CHAIRMAN’S MESSAGE 2024 has been a notable year for Kenanga Investment Bank Berhad (“Kenanga” or “KIBB” or “the Company”) and its Group of Companies (“Kenanga Group” or “the Group”). DEAR SHAREHOLDERS, As the largest independent investment bank in Malaysia, we have made significant strides in strengthening our operational resilience and reinforcing our market position. Our continued focus on innovation, sustainability, and operational efficiency has positioned us to not only weather market uncertainties but to emerge stronger and more purposeful in a constantly evolving financial landscape. Overview The year 2024 demonstrated Kenanga Group’s ability to not only navigate market challenges but also capitalise on opportunities for long-term growth. Our focus on cost optimisation, efficiency, and profitability have strengthened our financial position, enabling us to create sustainable, longterm value for our shareholders. With over fifty (50) years of history to our brand name Kenanga, our commitment has never been about chasing shortterm gains, but about building a strong foundation for continued resilience and lasting progress. In recognition of these efforts, we are pleased to report an all-time high Revenue of RM1.0 billion, and a Profit Before Tax (“PBT”) of RM117.2 million, with Net Profit standing at RM95.8 million. Following this performance, the Board is delighted to declare a dividend of 8.0 sen per share for the Financial Year 2024. Further details on our sustainability efforts can be found by scanning the QR code here. TAN SRI DATO’ SERI SYED ANWAR JAMALULLAIL Chairman CHAIRMAN’S MESSAGE Upholding the Highest Standards of Governance At the heart of Kenanga Group’s operations is our unwavering dedication to the highest standards of governance, built on transparency, accountability, and integrity. In 2024, this was exemplified through our flagship event, the eighth (8th) Fraud Awareness Week (“FAW”), which marked a significant milestone as it returned to an in-person format for the first time since the Covid-19 pandemic. The impact of FAW goes beyond the event itself. It catalyses a broader, ongoing effort to create a culture of vigilance and proactive engagement in fraud prevention, not just within Kenanga, but within the industry. Through seminars, games, and the new scam awareness video campaign, we have extended our reach, empowering employees, clients, as well as the public to act as informed defenders against fraud. This initiative is an investment in the long-term health of the financial ecosystem, creating safer, more transparent environment where businesses and consumers alike can thrive. Furthermore, the inaugural Compliance Awareness Week deepened our commitment to embedding regulatory compliance and promoting a culture of integrity and ethical behaviour throughout the organisation. By integrating real scam case studies and insights from leaders of the Royal Malaysia Police, we have strengthened our workforce’s understanding of the critical role governance plays in both business and society. Advancing Sustainability Sustainability remains a cornerstone to our strategy, shaping how we operate, innovate, and create value. In 2024, we further embedded Environmental, Social, and Governance (“ESG”) principles into our businesses, ensuring that our decisions reflect our responsibility to the planet and society. A key milestone was the launch of our Group Sustainability Policy, which formalises our ESG commitments and integrates them across the organisation. More than a compliance framework, it is a call to action—aligning our people, partners, and stakeholders toward a shared vision of a sustainable future. Our commitment to sustainability extends beyond governance. We are now actively integrating climate risks into our risk management framework, ensuring that we are future-proofing the Group’s growth against an ever-changing environmental landscape. In 2024, we also strengthened our position on the FTSE4Good Bursa Malaysia Index, ranking among the 92nd percentile of Malaysian public listed companies. This achievement is a testament to the lasting impact of our ESG efforts and reinforces our resolve to drive positive change both within and outside the financial sector. To deepen ESG literacy, we introduced targeted awareness programmes, culminating in our inaugural Annual Sustainability Day in July 2024. This platform brought together employees, as well as our vendors and suppliers, to explore key ESG themes, including greenwashing and evolving sustainability challenges. Through panel discussions and interactive workshops, we provided practical insights to help small and medium-sized enterprises (SMEs) navigate the ESG landscape, reflecting our broader commitment to creating long-term value beyond our own operations. In addition, Kenanga Group continues to advocate for workplace diversity, equity and inclusion (“DEI”), recognising that a diverse and inclusive workforce is integral to our long-term success. Despite financial services traditionally being seen as a male-dominated industry, women make up 52% of the workforce at Kenanga Group, reflecting our ongoing commitment to a balanced and equitable workplace where diverse perspectives drive innovation and business success.
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