Boustead Holdings

Information about Boustead Holdings

Boustead Holdings Berhad has a rich history dating back to 1828, making it one of Malaysia’s longest-standing business institutions. Initially established as a trading company, Boustead has evolved into a diverse conglomerate with interests in key economic sectors. Over the years, it has built a strong reputation for its contributions to industries such as palm oil plantations, real estate, pharmaceuticals, shipbuilding, defense, and retail.

The company is a subsidiary of Lembaga Tabung Angkatan Tentera (LTAT), Malaysia’s Armed Forces Fund Board, which holds a majority stake in Boustead. This strategic ownership supports its involvement in the defense and heavy industries sector, where it provides shipbuilding, maintenance, and engineering solutions through its subsidiary, Boustead Heavy Industries Corporation (BHIC).

Beyond industrial operations, Boustead has a significant presence in the healthcare sector through Pharmaniaga, one of Malaysia’s largest pharmaceutical companies. Its property division is also responsible for developing residential and commercial projects, while its plantation arm manages extensive palm oil estates, contributing to the nation’s agricultural economy.

With a commitment to sustainability, innovation, and national development, Boustead Holdings continues to strengthen its position in Malaysia’s corporate landscape, leveraging its diverse portfolio to drive long-term growth and value for its stakeholders.