PETALING JAYA: The Malaysia Co-Investment Fund (MyCIF) has recorded total co-investments of RM1.19 billion since its launch, continuing to play a crucial role in financing micro, small, and medium enterprises (MSMEs) nationwide.
Securities Commission Malaysia building in Kuala Lumpur
According to its 2024 annual performance report released yesterday, MyCIF invested RM264 million last year alone.
The RM1.19 billion in total co-investments is 4.6 times higher than the RM260 million allocated by the government to date, reflecting what the Securities Commission (SC) called an “efficient use of public funds.”
The SC, which manages MyCIF, also noted that the initiative attracted RM4.10 in private capital for every RM1 invested, marking a 21.4% increase in total private investments.
Since it was established under Budget 2019 by the Finance Ministry, MyCIF has supported more than 9,500 MSMEs across Malaysia.
