After water industry exit, Puncak Niaga seeks to grow core sustainable businesses

March 12, 2024


Puncak Niaga Holdings Berhad was the first water treatment and supply concession company to be listed on Bursa Malaysia (8 July 1997). The company is headed by Bumiputera entrepreneur, Tan Sri Rozali bin Ismail, who is Executive Chairman/Founder and major shareholder of Puncak Niaga (beneficial interest in 39.16% of the issued shares). Tan Sri Rozali holds a Bachelor of Law degree from University of Malaya. He conceptualised Malaysia's first Islamic Banking Institution (Bank Islam Malaysia) in 1983. An award winning entrepreneur, he received the Entrepreneur of the Year Award at the 13th Asia Pacific Enterprise Awards 2022 Malaysia. 

After exiting from the water industry. Puncak Niaga invested in plantations, environmental engineering & construction focusing on sewerage treatment plant projects,  and concession and facilities management. The company was reclassified to the Construction Sector of Bursa Malaysia on 13 November 2015. For FYE 31 Dec 2022 Puncak Niaga reported revenue of RM220.9 million and loss before tax of RM23.68 million. It has reserves of RM738 million as at 31 Dec 2022 to fund further expansion. 

Tan Sri Rozali's son, Azlan Shah, 38, is Managing Director of Puncak Niaga. He is spearheading the new trajectory for the group in sustainable businesses. He holds a Bachelor of Arts degree in Business Studies and Marketing from Middlesex University, UK and has attended the "Programme for Leadership Development" at Harvard Business School, USA. 


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