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HISTORY HISTORYHistory of Sawit Kinabalu
The Sawit Kinabalu Berhad’s Logo defines its corporate professionalism and commitment in galvanising growth. The prominent gold signifies strength and growth into a new era of the Sawit Kinabalu Berhad’s diversified activities. Deep red shade of a ripe oil palm seed represents the core activity of the Sawit Kinabalu Berhad in the palm oil industry and symbolizes maturity and stability of its operation as it further embarks on a journey towards greater excellence. CorporatisationSigning of Corporatisation Agreement between Sabah Government, SLDB, Sawit Kinabalu Berhad and Borneo Samudera Sdn Bhd. (BSSB) marked the birth of Sawit Kinabalu Berhad and its Group of Companies on the 26th November 1996. A Management Agreement between BSSB the main operating company owned by Sawit Kinabalu Berhad and SLDB to manage the operation and investment assets of residual SLDB. However, the Management Agreement expired on 31st September 2002. After the corporatisation exercise, Sawit Kinabalu Berhad and SLDB are separated into two different entities.
Sawit Kinabalu Berhad is an investment holding company owned by Chief Minister Incorporated while SLDB remains as a government agency. |
Sawit Kinabalu Berhad (formerly registered) was formed when the State Government of Sabah, in its continuing efforts to encourage the people of Sabah to assume a more responsible role in the growth of the State, decided to corporatise the Sabah Land Development Board (SLDB). The State Government believed that this will bring about greater efficiency and effectiveness, thereby optimising profitability and contributing directly to the economic growth of the nation.