Prudential plc has surfaced as a substantial shareholder in Orkim Berhad following the petroleum tanker operator’s listing on Bursa Malaysia, according to a filing with the exchange.

The British multinational insurance group acquired 51.32 million shares, representing 5.13% equity interest in Orkim, through its fund management arms under the Eastspring Investments umbrella. The subscription took place on 1 December 2025 as part of Orkim’s initial public offering (IPO).

Based on the disclosure, the shares are held via two entities Eastspring Al-Wara’ Investments Berhad – 10.43 million shares and Eastspring Investments Berhad – 40.89 million shares

The acquisition is classified as a direct interest, with no indirect or deemed interest reported.

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