Mohd Abdul Karim and Serba Dinamik’s meteoric rise

Mohd Abdul Karim and Serba Dinamik’s meteoric rise

by MARK RAO/ pic by MUHD AMIN NAHARUL SERBA Dinamik Bhd’s meteoric rise, with its share price hitting its highest level this year, had seen the wealth of its founder almost tripled since the company’s listing two years and made him among Malaysia’s wealthiest. The company which was listed in February 2017, at a time when the oil and gas (O&G) industry was still reeling from the 2014 oil rout, saw its share rising from the initial public offering price of RM1.50 to close at its highest level of RM4.56 this year. Forbes listed Serba Dinamik’s founder and group MD/CEO Datuk Dr Mohd Abdul Karim Abdullah (picture) the 40th-richest Malaysian in its Malaysia’s 50 Richest 2019 list with a US$345 million (RM1.45 billion) net worth. Mohd Abdul Karim currently holds a 23.61% stake or 346.78 million shares in Serba Dinamik based on Bloomberg’s latest data. Based on the 348.94 million shares held by Mohd Abdul Karim on March 23, 2017, in Serba Dinamik and the company’s closing price of...
Read More