Boustead Holdings Bhd - Company Profile
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Boustead Holdings Bhd (Boustead) a subsidiary of Lembaga Tabung Angkatan Tentera, is a diversified conglomerate involved in various sectors including pharmaceuticals, defense, property, manufacturing, and travel services. Its main activities include pharmaceutical research and development, defense contracting, property development and management, manufacturing of cellulose fiber cement boards, and travel management services. Its products and services include generic drugs, military asset maintenance, property development projects, cellulose fiber cement products, and corporate travel solutions. It operates through various subsidiaries and distribution networks to reach its customers. The company’s operations are primarily based in Malaysia, with key locations in Selangor, Johor, and Kuala Lumpur. Boustead is headquartered in Petaling Jaya, Selangor, Malaysia.
Headquarters
Malaysia
Address
Level 23, The Bousteador 10, Jalan PJU 7/6 Mutiara Damansara, Petaling Jaya, Selangor, 47800
Website
www.boustead.com.my
Telephone
60 3 21419044
No of Employees
7,120
Industry
Construction
Revenue (2024)
$3.0B
Boustead Holdings Bhd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Cellulose Fiber Cement Boards | Property Development |
| Corrugated Sheets | Property Investment |
| Metal Roofing and Cladding Sheets | Marine Engineering Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In January, the company signed MoU with defense partners Otokar (Turkey) and PT Komodo Armament (Indonesia) to develop a resilient, self-reliant and technologically advanced national defense industry. |
| 2024 | Stake Sale | In November, the company sold its 20.08% stake to the Sarawak state government. |
| 2022 | Contracts/Agreements | In January, the company signed a memorandum of understanding (MOU) with Accubits Technologies to empower businesses and eliminate wealth distribution inequality with Blockchain Technology. |
Competitor Comparison
| Key Parameters | Boustead Holdings Bhd | Dksh Holdings (Malaysia) Berhad | IJM Corp Bhd | United Plantations Bhd | Harrisons Holdings (Malaysia) Berhad |
|---|---|---|---|---|---|
| Headquarters | Malaysia | Malaysia | Malaysia | Malaysia | Malaysia |
| City | Petaling Jaya | Petaling Jaya | Selangor Darul Ehsan | Teluk Intan | Kuala Lumpur |
| State/Province | Selangor | Selangor | Selangor | Perak | Kuala Lumpur (Federal Territory of) |
| No. of Employees | 7,120 | 3,387 | 3,603 | 6,926 | 2,031 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Haji Abdul Aziz Haji Zainal | Chairman | Executive Board | 2026 | 74 |
| Izaddeen Daud | Chief Executive Officer | Senior Management | 2022 | - |
| Fahmy Ismail | Chief Financial Officer | Senior Management | 2023 | 48 |
| Ahmad Sabirin Arshad | Chief Executive Officer; Director; Managing Director | Executive Board | 2025 | 62 |
| Fakril Zamani Mahmud | Head - Strategy | Senior Management | 2024 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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