Press Statement

KBZ Transforms Portfolio to Focus on Financial Services and Digital Industries in Myanmar

March 21, 2022 — As digital transformation continues to restructure businesses across the world, KBZ Group of Companies (“KBZ”) also continues to transform its portfolio by exiting legacy industries such as mining and aviation and investing in the financial and digital services critical to Myanmar’s future.

KBZ has been actively exiting non-core businesses since 2017. Over the past five years, KBZ has fully exited from Jing Hpaw Aung Jade & Jewellery Company Limited, Nilar Yoma Gems Company Limited, Myanmar Airways International and Brighter Energy. Exit from the remaining interest in aviation (Air KBZ) has commenced with the first share sale in 2019.

This has allowed KBZ to sharpen its focus on the digital economy. This includes financial services, e-commerce, digital payments, digital infrastructure, and mobile payment-led broadscale financial inclusion. KBZ stands committed to improving the well-being of the people of Myanmar and is channeling its resources towards areas that have the greatest impact.

All of our stakeholders, including our partners, customers, concerned citizens, and the local and international community, are important to us. We will continue to provide more comprehensive and factual information in the future to bring greater transparency and accountability. If you have any questions, please do not hesitate to contact