At the estate level, Mohamad Helmy oversaw significant mechanisation of non-harvesting operations, improving efficiency across the group’s sprawling plantations. Since Mohamad Helmy took the helm at what was then Sime Darby Plantation Bhd, the group’s share price has climbed more than 30%. Mohamad Helmy, who chairs the Malaysian Palm Oil Board, emphasised that this is a deliberate strategy to preserve long-term returns. Notable IPOs during Umar’s tenure include Oppstar Bhd (KL:OPPSTAR), Johor Plantations Group Bhd (KL:JPG) and 99 Speed Mart Retail Holdings Bhd (KL:99SMART). His successor, Captain Nasaruddin A Bakar, 51, will take on the newly designated role of president and group CEO, guiding MAG into its Long-Term Business Plan 3.0 era.

Source: The Edge Markets January 08, 2026 04:36 UTC