KUALA LUMPUR: Majlis Amanah Rakyat (MARA) is expanding its initial public offering (IPO) plans to include its healthcare businesses, alongside proposed listings of its education arms within the next three years.
MARA is exploring potential listings of its healthcare platforms, including U.n.i.Klinik, U.n.i.Farmasi and U.n.i.Dental, which are being developed as integrated service networks nationwide.
MARA director-general Datuk Zulfikri Osman said the group is preparing several high-performing entities for potential listings as part of efforts to unlock asset value and strengthen long-term financial sustainability.
Zulfikri said the IPO plans are aimed at strengthening MARA’s asset base, diversifying income streams and enhancing the group’s long-term resilience.
“The initiative is intended to unlock the commercial value of existing entities and support MARA’s sustainable growth going forward,” he told a press conference here today.
He said preparations have already begun for two education institutions, Universiti Kuala Lumpur (UniKL) and Kolej Poly-Tech MARA (KPTM), with both entities identified as candidates for listing under MARA Corp.
“We are planning within three years starting now. Two subsidiaries that have begun preparations are KPTM and UniKL.
“Both are private higher education institutions and among the best-performing entities under MARA Corp. Based on current performance, we believe they meet the criteria for listing,” he said.
Zulfikri said MARA has begun engaging corporate advisors as part of the early-stage planning process for the proposed listings.
He said the listings are targeted between 2026 and 2028, although it is still too early to determine whether they will be listed on the Main Market or ACE Market.
“It is still premature to decide on the listing board. We are engaging corporate advisors to develop the most suitable strategy and will make a decision once planning is finalised,” he said.
