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Genting Group Chairman received dividend payments in 4Q20

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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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