Qualampur: Barsa Malaysia Bhad has effectively appointed Datuk Fadal Mohammad with an impending retirement of Datuk Muhammad Omar Swift from March 1, who has taken over since February 2019.
Barsa Malaysia President Tan Shri Abdul Wahid Umar said that immediate priority is ensuring a smooth and systematic leadership transition, while the strategic plan and trade plan have been established as approved by the board through Muhammad Omar.
“Plans are a collective decisions for stock exchanges that are to move forward. And in particular, through our commitment to having a multiset exchange, ”he today explained in a press conference with a media briefing on Bursa Malaysia’s 2024 financial results.
Abdul Wahid stressed that with a front-line regulatory role as a public-list company, Barsa Malaysia would continue to maintain its regulatory function, which will be an important priority for the incoming CEO. “We must be interacting with Fadl after being on the board. And whether other areas have to be resumed, it is something we will discuss. ,
Abdul Wahid said that the understanding of Fadl’s capital markets and investment banking has determined them concretely to lead the exchange in the future. “We are confident that their expertise will enhance continuous development and success for the exchange and marketplace.”
Meanwhile, Muhammad Omar said that Barsa Malaysia is targeting 60 early public offerings in 2025 with a contribution of over 40 billion.
He said that in FY 2014, the exchange laid the foundation for long-term development, which includes the launch of the world’s first Waqf-Fucked Exchange-Trade Fund, which shows its commitment to offer innovative investment options benefiting the society. Are.
“On this progress, we aim to further develop our Islamic market with New Syariah-analogous products and services, expanding investors for platforms such as Busa Gold Dionar. These efforts will create more alignment between Syariah investment and durable and responsible investment. ,
Additionally, he said, to support the infection of the country towards the low carbon economy, it recently enabled Gold Standard Carbon Credit on Barsa Carbon Exchange and Barsa Malaysia Ram Capital SDN BHD’s funds to raise and investment platform Started a secondary market.
“Exchange 2025 will increase ESG practices and efforts to advocate the initiative of climate action, as well as in the construction of a vibrant and durable market.”
The Securities Commission Malaysia is agreed with the appointment of a new CEO as per Section 10 of the Capital Market and Services Act 2007.
The 57 -year -old Fadl has a 30 -year experience in legal, capital market and investment banking sectors. He is currently the Managing Director of Group Wholesale Banking in RHB Bank BHD and was the first MBank Investment CEO.
He started his career as a lawyer at Messrs Rashid & Lee in 1991 before joining the Securities Commission in 1993. Subsequently, he went to a investment banking firm Dresser Kleinworth Benson.
In 2004, Fad’l founded the Maestro Capital SDN BHD, a licensed corporate finance advisor who advised the merger and acquisition, capital raising and initial public offerings by 2015, when he joined the MBank Investment Bank. Were.
He receives Masters at Imperial College London, Business Administration from UK and Bachelor of Lodge (Honors) from the University of London, UK. In addition, he holds a certified diploma in the accounting and finance from the Chartered Association of Certified Accountants and is a fellow chartered banker with the Asian Institute of Chartered Bankers.
Fad’l is also a certified expert in Sustainable Finance honored by Frankfurt School of Finance and Management.
On the earning front, Barsa Malaysia finished RM68.9 million on 31 December 2024 (Q4’24), a 15.7% increase in net profit for the fourth quarter, compared to RM59.55 million in the same period last year In comparison, better performance in its securities and derivatives markets.
Revenue for Q4’24 rose by 18.7% to RM185.91 million, in Q4’23 from RM156.68 million.
For the whole year, Barsa Malaysia recorded an increase of 22.9% in net profit from RM252.38 million last year from RM310.12 million. In the previous year, revenue rose by 27.2% to RM784.30 million as compared to RM616.49 million.
Muhammad Umar commented that the ongoing global and local development continue the investment flow, resulting in high trading activity in securities and derivative markets and increases the demand for its services.
