KUALA LUMPUR, Nov 6: Datuk (Dr.) Yasmin Mahmood has been appointed as Executive Chairman of Jasa Kita Berhad, while her brother, Datuk Seri Iskandar Mizal Mahmood, is now its Group Managing Director with immediate effect, the industrial tools-based company announced Wednesday.
Their appointments aim to drive the group’s next phase of growth opportunities, said Jasa Kita, a Main Board-listed company.
Jasa Kita said with proven track records across corporate Malaysia, government-linked enterprises, multinational companies and the technology sector, Yasmin and Iskandar would bring complementary experience to strengthen the company’s leadership team and execution capacity.
In September 2025, Abd Azis Mohamad, a major shareholder and Yasmin’s husband, together with his investment vehicle Kintan Prima Sdn Bhd, acquired a 40.33 per cent stake in Jasa Kita from the company’s former shareholders, the Tan family, paying approximately RM68.9 million at RM0.38 per share.
This triggered a mandatory general offer (MGO) for the remaining shares at the same price, marking a clear shift in controlling ownership, with their combined shareholding now at 77.93 per cent following completion of the MGO.
Yasmin, the former CEO of Malaysia Digital Economy Corporation (MDEC), has been widely recognised for championing Malaysia’s digital transformation agenda from 2014 to 2018 and was instrumental in setting the foundation for today’s fast growing digital economy.
She had served as Managing Director of Microsoft Malaysia and Dell Asia-Pacific’s Regional Director. She currently serves on the boards of Citaglobal Berhad, MBSB Berhad (MBSB) and Malaysian Industrial Development Finance Berhad (MIDF).
Iskandar is a veteran of more than 35 years across corporate and investment sectors. Regarded as a turnaround specialist and strategic transformation leader, his previous roles include Managing Director of Malaysia Airports Holdings Berhad, Group Managing Director of Media Prima Berhad, and Group CEO of Pos Malaysia Berhad, where he delivered record profits and operational reform. He currently also serves on the boards of Boustead Holdings Berhad and Lembaga Tabung Angkatan Tentera (LTAT).
Yasmin expressed her appreciation to the Tan family for laying a strong foundation for Jasa Kita, with a healthy balance sheet with no debt and no gearing.
Iskandar said Jasa Kita would now be ‘laser-focused’ on sustainable expansion, financial prudence and unlocking long-term value for shareholders and investors.
The company’s new chapter begins with a clear commitment to shareholder value creation, including an upcoming special dividend payout of 12 sen per share with the entitlement date to be announced in the near future.