Abdul Rashid is Cahya Mata Sarawak's new chairman

KUALA LUMPUR (Sept 26): Cahya Mata Sarawak Bhd (CMSB) has appointed Tan Sri Abdul Rashid Abdul Manaf as its independent and non-executive group chairman effective Oct 1.

Abdul Rashid, 72, will be taking over the responsibility from interim group chairman Datuk Seri Mahmud Abu Bekir Taib, who reverts to the post of CMSB deputy group chairman.

The seat was left vacant by Tan Sri Syed Anwar Jamalullail, who stepped down on May 9 on expiry of his contract after serving in the group for almost 12 years.

In a statement today, CMSB said Abdul Rashid started his career in 1970 in the Malaysian judicial and legal service and served as magistrate, president, Sessions Court and senior federal counsel to the income tax department. He left government service in 1977 to pursue his career as a practicing lawyer and subsequently in business.

Abdul Rashid became one of the principal legal advisers to the Renong conglomerate with involvement in various federal government transactions, on and off-shore, and in various infrastructure projects throughout the country.

He was also a Commissioner for Oaths and Notary Public for many years. Dating back to 1977, Abdul Rashid, has served in several key positions in Malaysian corporations including as chairman of S P Setia Bhd, Loh & Loh Corp Bhd, Pohmay Holdings Bhd and SMIS Corp Bhd.

Upon completion of his chairmanship term with S P Setia, Abdul Rashid set up Eco World Development Group Bhd where he is now a founder director of the group.

CMSB shares closed down four sen or 1.3% to RM3.03 today, with 1.18 million shares done, for a market capitalisation of RM3.25 billion. — theedgemarkets.com

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