Spanning over five decades of contributing to the country’s economic growth, Malaysian Industrial Development Finance Berhad (MIDF) today has strengthened its foothold in many segments of the financial services industry.

MIDF, incorporated on 30 March 1960 mainly for the purpose of ensuring access to financing for manufacturing-based small-and-medium enterprises (SMEs) as part of Malaysia’s strategy to accelerate the industrial sector development, celebrated its 50th anniversary in March 2010. From boasting the status as Malaysia’s maiden development finance institution, MIDF has over the years transformed into a diversified group.

Following its merger with Amanah Capital Partners Berhad in 2003, the acquisition of Utama Merchant Bank Berhad (UMBB) in 2004, and the establishment of MIDF Amanah Investment Bank Berhad (MIDF Investment) in 2006, the MIDF Group accentuated its ambition to become a leading financial services provider in three core business areas, namely investment banking, development finance and Asset Management.