KUALA LUMPUR, Oct 27 (Bernama) -- The initiative to expand electricity bill protection threshold for domestic customers until December 2026 will not affect Tenaga Nasional Bhd’s (TNB) ability to fulfil its dividend payment commitment to shareholders.
Business : Electricity Bill Protection Expansion Will Not Affect TNB's Dividend Payout -- Fadillah
TNB, Electricity bill protection, Dividend, Fadil
Key takeaways
Malaysian Deputy Prime Minister Fadillah Yusof stated that the expanded electricity bill protection scheme will not hinder Tenaga Nasional Bhd's dividend commitments. He noted that while the policy initially caused a market capitalization drop, the company's share price has since recovered.
- TNB plans a RM12 billion investment in 2027 to meet rising energy demand.
- The company approved RM43 billion in capital expenditure for the 2025-2027 regulatory period.
- TNB's share price recovered after an initial drop following the bill protection announcement.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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