{"id":65305,"date":"2024-09-27T18:25:57","date_gmt":"2024-09-27T10:25:57","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=65305"},"modified":"2024-09-27T18:28:11","modified_gmt":"2024-09-27T10:28:11","slug":"gisb-true-wealth","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/gisb-true-wealth","title":{"rendered":"Understanding The GISB Empire; Just How Rich Are They?"},"content":{"rendered":"

Recently, Malaysia has been rocked by the stories of the police raids\u00a0 linked with the GISB Holdings Sdn Bhd<\/a>, or as it is more commonly known, the GISB Group.<\/span><\/p>\n

The raids, which led to 155 people being detained in a massive probe regarding a child abuse allegations kicked off a whole hornet\u2019s nest of scrutiny, which in turn led to the discovery that the company actually a multi-national corporation with a bunch of assets in multiple countries.<\/span><\/p>\n

So who actually is GISB? How extensive is their wealth? Let\u2019s have a look.<\/span><\/p>\n

<\/span>History of GISB<\/b><\/span><\/h2>\n

So who actually is GISB? By this point, it\u2019s considered an open secret that the GISB group actually shares it\u2019s roots with the Al-Arqam cult, which was banned by the Malaysian government in 1994.<\/span><\/p>\n

From there, the group splintered into several smaller factions, including its business wing, which rebranded itself into Rufaqa Corp, before further transitioning into GISB Holdings (GISBH).<\/span><\/p>\n

According to a remark made by GISBH\u2019s Executive Chairman and CEO, Nasiruddin Mohd Ali, GISB has already been cleared of any wrongdoing by the police Special Branch, but still the rumors that they were remnants of the banned Al-Arqam movement persists.<\/span><\/p>\n

On the official front, the company details on <\/span>CTOS<\/span><\/a> shows that GISB Holdings Sdn. Bhd. was incorporated on 23<\/span>rd<\/span> October 2013 in Malaysia with registration number of 1067307T \/ 201301037478. The description of their business includes investment holding, manufacturing and general trading.<\/span><\/p>\n

From there, GISBH managed to spread their business wings to the next level, spreading their business so far and wide to what it is now, a multi-million dollar corporation that spans multiple countries.<\/span><\/p>\n

<\/span>How rich is GISBH actually?<\/b><\/span><\/h2>\n

So now that we\u2019ve gotten the history of the GISBH @GISB out of the way, time to answer the question, just how rich are they really?<\/span><\/p>\n

Well the short answer is; they\u2019re really really rich.<\/span><\/p>\n

According to an article from <\/span>The Malaysian Reserve<\/span><\/a>, GISBH boasts an impressive revenue of RM187 million annually, a figure that is only rivalled by public listed companies. Other news reports have also put the group’s assets value reaching RM325 million.<\/span><\/p>\n

The holding company is also home to 25 different subsidiaries in multiple industries, which is listed down here;<\/span><\/p>\n

List of GISBH subsidiaries<\/b><\/h3>\n

Food and beverage companies<\/b><\/h4>\n