About Us

Historical Background

Borneo Housing Mortgage Finance Berhad was incorporated on 10th December 1958 in Sarawak as a public company in the name of Borneo Housing Development Limited. It started as a joint venture between the Sarawak State Government and the Commonwealth Development Corporation (CDC). In October 1959, the Sabah State Government joined in as a shareholder. Subsequently, the Two State Governments bought over the shareholding of CDC, which then became equal shareholders of the Company.


The primary objective of the Company is to promote home ownership by providing long term loans to acceptable qualified individuals.

Company's Status

The Company is classified as a 'scheduled institution' under the Banking And Financial Institutions Act, 1989. Being a State-Owned company, it enjoys the following status/exemptions: -

  • It has been exempted by the Ministry of Finance on the recommendation of Bank Negara Malaysia from obtaining a licence under Section 7(4) of the Finance Companies Act 1969;
  • It has been accorded the status of approved company under the EPF Ordinance, 1976. The status enables it to borrow from the Employees Provident Fund;
  • It has been accorded by the Ministry of Finance on the recommendation of Bank Negara Malaysia the status of prescribed corporation under the Companies Act 1965. This enables it to accept deposits from the public without having to issue a prospectus.

Capital Structure

The authorised and paid-up share capital of the Company is as follows: -

  Authorised Paid-up
Ordinary Shares RM 146.0 million RM 126.4 million
Preference Shares RM 54.0 million -
  RM 200.0 million RM 126.4 million


The shareholders and their respective shareholdings are as follows: -

Shareholders Amount %
Sarawak Financial Secretary Incorporated RM 63.2 million 50%
Warisan Harta Sabah Sdn Bhd RM 63.2 million 50%
  RM 126.4 million 100%


Warisan Harta Sabah Sdn Bhd is wholly owned by the Sabah State Government.

Board of Directors

The present members of the Company's Board of Directors are: -

Tan Sri Datuk Amar (Dr.) Hj. Abdul Aziz Bin Hj. Husain                    

Dato Sri Ahmad Tarmizi Bin Hj. Sulaiman                                             
(alternate director: Datu Junaidi Bin Haji Reduan)

Datuk Haji Nordin Siman

Datu Junaidi Bin Haji Reduan                                    

Tuan Haji Zainal Abidin Bin Hassan                                                      

Mohamad Nor Bin Tahir


The management of the Company consists of its Chief Executive Officer and General Managers as well as the Heads of Department. The Chief Executive Officer is responsible for the overall affair and implementation of the policies of the Company as decided by the Board.

Brief background of the key personnel is as follows: -

Hwa King Nee CA (M), MBA, FCCA, CFP
Chief Executive Officer 

He joined the Company in 1990 as Internal Auditor and was promoted over the years up to his present position in October 2015.