KUALA LUMPUR: Khazanah Nasional Bhd’s portfolio rose to a new record last year, as it reaped the benefits of ongoing transformation in its key investee companies.

The state investment agency saw the net worth of its portfolio rise 19.1% to RM103.5bil as at Dec 31, 2013, from RM86.9bil a year earlier. This represents a three-fold increase from RM33.3bil in May 2004, when Khazanah embarked on its transformation journey, or a compounded annual growth rate (CAGR) of 12.5% per year since 2004.