Genting Group Chairman received dividend payments in 4Q20

Genting Group Chairman received dividend payments in 4Q20

Genting Group Chairman and CEO, Lim Kok Thay, is reported to have received MYR148.73 million (US$36 million) in dividend payments in 4Q20

Lim Kok Thay is rank as sixth among Malaysia’s richest individuals despite the impact of the COVID-19 pandemic on his global casino operations.

According to a report by The Edge Markets, eight of the nation’s 10 richest people, based on Forbes’ 2020 billionaires list, were paid out a combined MYR1.99 billion (US$481 million) in the fourth quarter, led by Public Bank Bhd founder Dr. Teh Hong Piow with MYR668.2 million (US$161.4 million).

Lim ranked sixth with the majority of his dividend payments coming from the MYR146.54 million (US$35 million) Genting Berhad paid to his private investment firm, Kien Huat Realty Sdn Bh, plus dividends declared by Genting Malaysia and Genting Plantations. Genting Malaysia declared a dividend payout of 8.5 sen (MYR0.08) per share in 4Q20, despite recording a net loss of MYR258.2 million (US$62 million).

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