About Us

Boustead & Co. founded in Singapore.

Boustead opened first branch office in Malaya in Penang.

Boustead & Co. Limited was listed on the Malayan Stock Exchange.

Assumed the name Boustead Holdings Berhad.

Boustead became a wholly-owned Malaysian entity with Lembaga Tabung Angkatan Tentera (LTAT) as its shareholder.

Acquired 20% interest in UAC Berhad.

LTAT acquired controlling interest in Boustead.

Acquired 30% interest in Affin Holdings Berhad.

Launched the Group’s first large scale property development in Mutiara Rini, Johor.

Acquired 20% equity interest in PSC Industries Berhad.

Acquired a 355-acre plot of land in Mukim Sungai Buloh,Selangor, now known as Mutiara Damansara, for mixed development.

Co-established The University of Nottingham Malaysia Campus, the first branch campus of a British university in Malaysia.

Boustead acquired its first hotel, The Royale Bintang Kuala Lumpur.

Privatisation of Kuala Sidim Berhad and SCB Developments Berhad.

Established the Curve, Malaysia’s first pedestrianised lifestyle shopping mall, in Mutiara Damansara.

Acquired controlling interest in BP’s retail petrol business which was rebranded as BHPetrol.

Acquired 31% interest in PSCNaval Dockyard Sdn Bhd, now known as Boustead Naval Shipyard Sdn Bhd.

Delivered the first offshore patrol vessel to the Royal Malaysian Navy.

Al-Hadharah Boustead REIT, the first and only Islamic plantation-based real estate investment trust (REIT), was listed on the Main Board of Bursa Malaysia.

Boustead Naval Shipyard Sdn Bhd became a subsidiary of Boustead Holdings Berhad.

Boustead successfully turned around PSC Industries Berhad,which was an ailing PN17 company, restructured it as Boustead Heavy Industries Corporation Berhad and relisted it on the Main Board of Bursa Malaysia.

UAC Berhad became a subsidiary of Boustead Holdings Berhad.

Boustead Properties Berhad was delisted and privatised under the Boustead Group.

Acquired the remaining 50% of Damansara Entertainment Centre (previously known as Cineleisure Damansara), resulting in the complete integration of a one-stop entertainment and lifestyle centre in Mutiara Damansara Commercial Centre.

Official launch of The Royale Chulan Kuala Lumpur.

Acquired Pharmaniaga Berhad, Malaysia’s largest integrated local healthcare company and generic pharmaceuticals manufacturer.

Opened Curve NX, housing Malaysia’s first international award-winning children’s indoor theme park, KidZania Kuala Lumpur.

Acquired MHS Aviation, marking the Group’s entry into the aviation sector.

Privatised UAC Berhad.

Privatised Al-Hadharah Boustead REIT.

Listing of Boustead Plantations Berhad on Bursa Malaysia.

AFFIN Holdings Berhad investment banking segment now operates under its new brand name, Affin Hwang Capital, upon the successful acquisition of investment banking, asset management and futures businesses of Hwang-DBS (Malaysia) Berhad.

Boustead Cruise Centre Sdn Bhd successfully completed the acquisition of a jetty and 69 acres of land in Pulau Indah.

Acquired the Hyde Park Hotel in London, which has been rebranded ‘The Royale Chulan Hyde Park Hotel’.

BHPetrol became the first petroleum company to offer Euro5-grade fuel in Malaysia.

Acquired a strategic stake in the implementation of Ministry of Transport’s Automated Enforcement System (AES).

MyTOWN Shopping Centre opens its doors to the public.

The Royale Chulan & Bintang Hotels & Resorts undertook a rebranding exercise unifying all eight hotels under one brand name, Royale Chulan.

AFFIN Holdings Berhad and AFFIN Bank Berhad undertook a reorganisation exercise. AFFIN Bank is now the holding company of the reorganised AFFIN Group.

Dato’ Sri Amrin Awaluddin was appointed as the Managing Director of Boustead Holdings Berhad.

Boustead Holdings Berhad and its subsidiaries namely Pharmaniaga Berhad, Boustead Heavy Industries Corporation Berhad and Boustead Plantations Berhad underwent major boardroom changes.

Dato’ Sri Mohammed Shazalli Ramly was appointed as the Group Managing Director of Boustead Holdings Berhad.

Reinventing Boustead strategy was established.

Relocated to The Bousteador,  Mutiara Damansara.

Izaddeen Daud was appointed as the Group Chief Executive Officer of Boustead Holdings Berhad.

Boustead Holdings Berhad was delisted on 28 June 2023.