KUALA LUMPUR (May 12): Private equity firm Ekuiti Nasional Bhd (Ekuinas) distributed RM350 million as dividends to its parent Permodalan Nasional Bhd (PNB), following its exit from petroleum tanker operator Orkim Bhd (KL:ORKIM) last year after its initial public offering.

The payout, which it said is for the benefit of PNB’s unit trust holders, is part of the RM828 million gross proceeds Ekuinas realised from the sale of shares in Orkim’s IPO and the subsequent transfer of its remaining 60% stake post-IPO to PNB for long-term management, Ekuinas said in a statement announcing the release of its 2025 Impact Report on Tuesday.

Ekuinas acquired Orkim for RM346.3 million in 2014 and spent more than a decade developing it into the country’s leading operator, with more than 50% market share of Malaysian-flagged vessels….