Khazanah Nasional Bhd has disposed of a 3.13% stake, or 57.9 million shares, in TIME dotCom Bhd, following the telecom group’s recent share price peak of RM6.28.
The transaction, carried out on April 8, did not disclose the exact proceeds in a Bursa Malaysia filing. However, Bloomberg off-market data showed that large blocks were traded at RM5.80 per share, indicating that the stake sale could be valued at up to RM335.82 million.
The shares were sold at a 7.6% discount to TIME’s record closing price of RM6.28 on March 11.
Following the disposal, Khazanah retains an estimated 10.04% stake in TIME, largely held through its investment vehicle, Pulau Kapas Ventures Sdn Bhd.
Khazanah has been gradually reducing its shareholding in TIME through a series of block trades between 2023 and 2025, including the disposal of 131.15 million shares in 2025 alone.
Meanwhile, TIME executive vice-chairman Afzal Abdul Rahim remains the company’s largest shareholder, with a 20.36% deemed interest. This comprises a 10.09% direct stake and a 10.27% indirect stake held via Megawisra Sdn Bhd and Global Transit International Sdn Bhd.
For the financial year ended Dec 31, 2025, TIME reported an 11.8% increase in net profit to RM428.16 million, up from RM382.83 million a year earlier. Revenue also rose 6.1% to RM1.79 billion from RM1.69 billion.
The company has also revised its dividend payout policy to 75% of net profit, after excluding extraordinary items, up from 50% previously.
On the market front, TIME shares gained three sen, or 0.5%, to close at RM5.91 on Friday, giving the group a market capitalisation of RM10.93 billion. Over the past year, the stock has risen by 20.9%.
