KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) has launched the MySaham Miti mobile application to simplify access to information and applications for Bumiputera Special Shares (SKB).
The application aims to make it easier for Bumiputera investors to obtain information and manage matters relating to special share allocations.
Minister Datuk Seri Johari Abdul Ghani said the initiative was part of Miti’s efforts to strengthen digital service delivery, improve information management and streamline application processes.
“Through MySaham, we want to digitalise access to initial public offering (IPO) investment opportunities and make the application process more organised and transparent.
“This will also improve information management and ensure investors can monitor their applications and the decisions made,” he said in his keynote address today.
Under the existing IPO framework, companies seeking to list on Bursa Malaysia must allocate 12.5 per cent of their shares for distribution to Bumiputera investors.
Previously, the application and allocation processes involved various manual procedures which Miti now aims to improve through digitalisation.
Johari said the government wanted to reduce unnecessary intervention in share allocation, including the selection and distribution of smaller share lots, through a more systematic and transparent process.
He said investors needed clear information and convenient channels to manage their applications, adding that the digital platform would help improve the overall process.
Miti also coordinates the allocation of special Bumiputera shares for companies preparing to list on Bursa Malaysia, enabling eligible Bumiputera investors to participate in the offerings.
Johari added that MySaham Miti would provide registered investors and relevant stakeholders with mobile access to share offerings and matters relating to SKB allocations.
The application offers several features, including investor registration, share application submissions, application status tracking and access to allocation results.
Investors can also view their investment portfolios, subject to the available functions, and receive notifications on share offerings, key dates, announcements and the latest SKB developments.
Johari said the success of MySaham should ultimately be measured by its practical benefits to users and its ability to make investment information more accessible.
“This wider access must be accompanied by improved investment literacy so that more Bumiputera become knowledgeable and responsible investors, with meaningful and sustained participation in the national economy,” he said.