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- Khazanah Nasional Bhd has disposed of its 3.13% stake in TIME dotCom Bhd, involving 57.9 million shares, according to a news report.
The shares were transacted on Wednesday, April 8. TIME did not disclose the proceeds from the sale in its bourse filing.
Bloomberg off-market data showed that large blocks were traded at RM5.80. Based on that price, the stake sold by Khazanah could have been worth up to RM335.82 million.
The sale price was 7.6% below TIME’s record closing price of RM6.28 on March 11.
Following the disposal, Khazanah still holds about 10.04% of TIME. Most of that stake is held through Pulau Kapas Ventures Sdn Bhd.
Khazanah has been reducing its interest in TIME through large block sales between 2023 and 2025. This included the disposal of 131.15 million TIME shares in 2025.
TIME executive vice-chairman Afzal Abdul Rahim remains the company’s largest shareholder. He has a 20.36% deemed interest, made up of a 10.09% direct stake and a 10.27% indirect stake through Megawisra Sdn Bhd and Global Transit International Sdn Bhd.
For the financial year ended Dec 31, 2025, TIME posted a net profit of RM428.16 million, up 11.8% from RM382.83 million a year earlier. Revenue rose 6.1% to RM1.79 billion from RM1.69 billion.
The company also raised its dividend payout policy to 75% of net profit, after adjusting for extraordinary items, from 50% previously.
TIME shares closed at RM5.91 on Friday, up three sen or 0.5%. The company had a market capitalisation of RM10.93 billion. Over the past year, the stock gained 20.9%.
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