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Borneo Bulletin Yearbook 2021
BUSINESS SERVICES
DARUSSALAM ASSETS
Established in 2012, Darussalam Assets Sdn Bhd
is a private limited company established by the
Government of His Majesty Sultan Haji Hassanal
Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum
Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi
Waddien, Sultan and Yang Di-Pertuan of Brunei
Darussalam to strategically house a majority of
Brunei’s government-linked companies (GLCs).
Its shareholder is the Minister for Finance
Corporation (MOFC), a statutory body formed
under the Minister for Finance (Incorporation)
Order, 2011.
With a vision to institute and inspire excellence
in corporate performance and governance,
Darussalam Assets is an integral part of the
government-led initiative to spur economic
development with an overarching aim of
transforming its companies into world-class
corporations. Since its establishment, Darussalam
Assets has taken great strides in setting the
foundation for its future success. It aims to achieve
developmental and economic diversification
through the portfolio of companies it manages,
nurture future business leaders, create gainful
employment
and
maximise
commercial
opportunities, while at the same time, ensuring
sustainable long-term returns for the nation.
Nurturing the Nation’s Government-
Linked Companies
The part and parcel of Darussalam Assets’
mandate is to own and centrally manage its
portfolio of companies based on commercial
principles in the best and long-term interests
of the nation. As a change agent, Darussalam
Assets operates to increase portfolio
performance and value by promoting and
implementing best practices and measuring
improvement. Darussalam Assets owns over
30 companies across key sectors of Brunei
Darussalam’s economy. The sectors include
aviation, telecommunications, power utilities,
logistics, agribusiness, food and beverage,
leisure and tourism, medical, education,
hospitality and real estate.
Pioneering Diversi cation
As a corporatisation agent appointed by the
government, Darussalam Assets is strategically
positioned to drive innovation and influence
industry cluster structures and strategies.
With a view to accelerate further innovation,
transparency and competition, Darussalam
Assets endeavours to power through
development projects in joint venture with
qualified partners holding industry expertise, and
in collaboration with the relevant government
authorities.
The potential to elevate the performance of these
sectors will yield improved services delivered
to the Brunei population, and in turn, create a
more conducive environment for foreign direct
investments and generate gainful employment
for citizens.