Malakoff Berhad ("MB") was incorporated on 9 October 1975 as a plantation-based company. It was listed on the Main Board of the Kuala Lumpur Stock Exchange (currently known as Bursa Malaysia) in 1976. A shift in its corporate direction resulted in the disposal of its plantation-based assets in October 1993 and the subsequent venture into the power sector.
On 17 May 2006, MMC Corporation Berhad through its wholly owned subsidiary, Nucleus Avenue (M) Berhad ("NAB") made an offer to acquire all the assets (other than cash) of MB, including the assumption of all the liabilities of MB for a total cash consideration of RM9,307.6 million (less any available cash balance in MB at the completion of the acquisition).
The acquisition was completed on 30 April 2007, with the transfer of all the assets (other than cash) of MB, including the assumption of all the liabilities of MB to NAB. MB was delisted from the official list of the Main Board of Bursa Securities (now known as Main Market of Bursa Securities) on 18 July 2007. Following the acquisition, NAB assumed its present name, Malakoff Corporation Berhad (Malakoff) on 25 April 2007. On 15 May 2015, Malakoff made its debut on the Bursa Malaysia.
Committed to sustainability, we hold the health, safety and security of our staff paramount. We take great care to minimize the impact on the environment in which we operate and as a responsible corporate citizen, we set out to be a good neighbour in whatever we do and wherever we go.
At present, Malakoff is the leading independent power producer in Malaysia with an effective capacity of 5,836 MW comprising of six power plants that run on oil, coal and gas, and one solar plant. On 5 December 2019, Malakoff completed its acquisition of 97.37% equity interest in Alam Flora Sdn Bhd (“Alam Flora”) marking the first step of a synergistic journey between Malakoff and Alam Flora to develop Waste-to-Energy (“WTE”) projects and expand our role in the Waste Management and Environmental Services by leveraging on our respective core competencies and experience.
On the international front, as an independent water and power producer, we own a net capacity of approximately 588 MW of power production and 472,975 m³/day of water desalination. Our overseas projects are located in Bahrain, Saudi Arabia and Oman.