Cagamas Holdings Berhad (“the Group”) held its seventeenth Annual General Meeting (“AGM") on 30 April 2024. The AGM, which was chaired by Dato’ Bakarudin Ishak, the Chairman of Cagamas Holdings Berhad, saw the participation of the Group’s Board of Directors, shareholders and management of Cagamas Berhad. The AGM set forth a strategic direction that underlines its role as a national mortgage corporation to promote home ownership through sustainable housing finance and to be the preferred liquidity provider in the financial industry.
The Group's pre-tax profit for 2023 stood at RM447.8 million, underpinned by a notable growth of 6.1% in its Purchase With Recourse asset portfolio, with acquisitions totalling RM20.5 billion from financial institutions. The Group raised RM29.3 billion in total funds in 2023, marking a record 17.7% growth over the previous year.