FGV Holdings Berhad

FGV Holdings Berhad[lower-alpha 1] (Abbreviation: FGV, sometimes FGVH; or formerly Felda Global Ventures Holdings Berhad; MYX: 5222) is a Malaysian-based global agricultural and agri-commodities company. With operations worldwide, FGV produces oil palm and rubber plantation products, soybean and canola products, oleochemicals and sugar products.[3] Its initial public offering in 2012 was the third largest in the world that year after Facebook and biggest IPO in Asia with $3.1 Billion.[4][5]

FGV Holdings Berhad
Publicly traded government-linked investment company
Traded asMYX: 5222
ISINMYL5222OO004
IndustryAgriculture
Founded19 December 2007 (2007-12-19)[1]
Headquarters
Kuala Lumpur
,
Malaysia
Key people
  • Haris Fadzilah Hassan
  • (CEO)
  • Mohd Hairul Abdul Hamid (CFO)
Revenue RM12,568.008 million (2013)[2]
RM1,463.243 million (2013)[2]
RM1,107.039 million (2013)[2]
Total assets RM20,734.388 million (2013)[2]
Total equity RM8,944,537 million (2013)[2]
ParentFederal Land Development Authority
Websitefgvholdings.com

It is the third largest palm oil company in the world by planted acreage.[4] In Malaysia alone, it controls over 850,000 ha of land, which includes the roughly 500,000 ha that it leases and manages for 112,635 Felda smallholders.[6]

In 2009, FGV purchased 51% of the largest sugar refiner in Malaysia, MSM Malaysia Holdings Bhd from PPB Group Berhad (founded by Robert Kuok) for RM1.25 billion.[7]

On July 3, 2018, the company dropped the phrase "Felda Global Ventures" from their corporate name and renamed as FGV Holdings Berhad.[8][9]

Notes
  1. The company also known as Felda Global on their official website.

References
  1. "Milestones - About FGV - Our Organisation | Felda Global Ventures". Archived from the original on 9 April 2014. Retrieved 31 March 2014.
  2. "Condensed Consolidated Financial Statements For The Financial Year Ended 31 December 2013" (PDF). Felda Global Ventures Holdings. 26 February 2014. Retrieved 31 March 2014.
  3. "Official Website"
  4. "Felda Global Ventures' RM10bil IPO 2nd biggest in world this year after Facebook". The Star Online. Retrieved 2 February 2017.
  5. "Felda Raises $3.1 Billion in Asia's Biggest I.P.O." Retrieved 6 May 2018.
  6. Zaidi Isham Ismail. "RM342m gain for FGV from stake sale". Business Times. Archived from the original on 23 March 2013. Retrieved 14 April 2013.
  7. Jayaseelan, Risen (4 November 2009). "The mystery of Sugar King Kuok exiting sugar business in M'sia". The Star. Retrieved 9 August 2015.
  8. "Felda Global Ventures Holdings Bhd is now FGV Holdings Bhd". New Straits Times. 3 July 2018. Retrieved 30 July 2018.
  9. "Felda Global Ventures Holdings kini FGV Holdings Bhd". Berita Harian. 3 July 2018. Retrieved 30 July 2018.



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