THE MANAGEMENT COMPANY

1. Corporate Information

The Manager, Saham Sabah Berhad is wholly-owned by the State Government of Sabah. The Manager is a holder of a Capital Markets Services Licence for dealing in securities – unit trust product, issued under the Capital Markets and Services Act 2007. It has an authorised share capital of RM25,000,000 divided into 25,000,000 ordinary shares of RM1.00 each, of which 22,000,000 is issued and paid-up. It has been in operation since 1994.

The Manager is responsible for carrying out the operations and the daily management of the Fund. This includes the marketing and distribution of units, preparing all notices and reports to be issued to unit holders, maintenance of accounts and the register of unit holders, computing the valuation, pricing and sale of units and ensuring compliance with internal procedures and guidelines of relevant regulatory and supervisory authorities.

2. SSB FINANCIAL POSITION FOR THE PAST 3 YEARS

Year Ended 30 June201820172016
Paid Up Capital (Units)22,000,000.0022,000,000.0022,000,000.00
Shareholders’ Funds (RM)35,225,128.0036,058,541.0034,425,146.00
Revenue (RM)6,963,311.007,048,552.006,791,500.00
Pretax (Loss)/ Profit (RM)(433,271.00)1,657,309.00(658,725.00)
After Tax (Loss)/ Profit (RM)(333,413.00)1,633,395.00(598,138.00)