Darussalam Assets
- Company typePrivate
- Founded2012
- HeadquartersBandar Seri Begawan, Brunei
- Headcount101–250
- GTM typeB2B
- OfferingServices
Darussalam Assets firmographics
Firmographics- Name
- Darussalam Assets
- Legal name
- Darussalam Assets Sdn Bhd
- Website
- https://da.com.bn
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where Darussalam Assets is headquartered
LocationHeadquarters
- HQ city
- Bandar Seri Begawan
- HQ country
- Brunei
- HQ region
- Asia
Offices1 record
Markets served
Darussalam Assets business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Portfolio Company Returns: As a holding company for GLCs, Darussalam Assets generates returns through ownership and active management of government-linked companies across multiple sectors. The company aims to increase performance and value of portfolio companies through commercial principles and good corporate governance.
- Joint Venture Operations: Revenue generated through joint venture companies including Muara Port Company and Muara Maritime Services, which operate commercial services in logistics and maritime sectors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Darussalam Assets product offering
Product offeringCore offering
Darussalam Assets Sdn Bhd is a government-owned holding company that owns, manages and exercises corporate governance over a diversified portfolio of Government-Linked Companies (GLCs) in Brunei Darussalam. It operates across sectors including aviation (Royal Brunei Airlines), telecommunications (UNN and retail providers), power utility (Berakas Power), logistics (Muara Port Company, BIACC), food and beverage, hospitality, healthcare, education, agribusiness, and real estate, with the strategic objective of driving national economic diversification under Wawasan 2035.
Product overview
Darussalam Assets is a government-owned holding company established in 2012 that manages a diversified portfolio of Government-Linked Companies (GLCs) across multiple sectors including aviation (Royal Brunei Airlines), telecommunications (UNN and retail providers Datastream Digital, imagine, Progresif), power utility (Berakas Power Company), logistics (Muara Port Company, BIACC), agribusiness (PaddyCo), food and beverage (Royal Brunei Culinary, Makan Ceria), leisure and tourism (The Empire Brunei, Jerudong Park Country Club), medical (Jerudong Park Medical Centre), education (Jerudong Park Medical Centre is healthcare-focused), hospitality, and real estate. The company also oversees technology initiatives including the ICT transformation through UNN, the Unified Smart Metering System, Print Plus commercial printing services, and the BAHDigital digital economy platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Unified National Networks (UNN) Wholly-owned subsidiary that consolidates and upgrades telecommunications network infrastructure for Brunei, providing equal access to all retail service providers.
- Datastream Digital Sdn Bhd (DST) Retail telecommunications service provider under the ICT transformation, offering 4G services, number portability, and product bundles to consumers.
- Progresif Sdn Bhd Retail telecommunications service provider offering mobile and broadband services to Brunei consumers.
- imagine Sdn Bhd Retail telecommunications service provider offering mobile and broadband services to Brunei consumers.
- Print Plus Sdn Bhd Full-service commercial printing company inheriting over 35 years of experience, offering printing services including government publications, print consultation, packaging design, and branding.
- Unified Smart Metering System (USMS) Smart metering solution for electricity and water comprising smart meter rollout, meter data management, and unified billing and customer service portal system with two-way communication.
- Muara Port Company Sdn Bhd (MPC) Joint venture operating Muara Container Terminal, providing port operations and container handling services.
- Muara Maritime Services Sdn Bhd (MMS) Joint venture with Lürssen providing vessel maintenance, repair, and overhaul services for the Royal Brunei Navy fleet and commercial vessels.
- The Empire Brunei Luxury hotel and resort providing leisure travel and hospitality services in Brunei.
- Royal Brunei Airlines (RB) National airline providing commercial aviation services including direct flights such as the Beijing route.
- Jerudong Park Medical Centre (JPMC) JCI-accredited hospital providing medical and healthcare services.
- Jerudong International School (JIS) International school providing education services in Brunei.
- Berakas Power Company (BPC) Power utility company managing electricity generation and distribution for Brunei.
- Brunei International Air Cargo Center (BIACC) Air cargo handling and logistics services including Inland Container Depots management.
- BAHDigital Platform Online platform centralizing case studies, stories and tools to support Brunei's digital economy with focus on Health, Tourism, Gig Economy, Education, E-Commerce, and E-Government sectors.
- PosBru Sdn Bhd National postal and courier services provider.
- Makan Ceria (McDonald's Brunei) Quick service restaurant chain operating five stores in Brunei serving over 3,000 customers daily.
- Royal Brunei Culinary (RBC) Fast food restaurant chain including RBC Express providing fried chicken and related food products.
Companies that use Darussalam Assets
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles2 records
Darussalam Assets technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Darussalam Assets partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- LürssencoreMuara Maritime Services is a joint venture between Darussalam Assets and Lürssen (German naval shipbuilder) established to perform full service support for the Royal Brunei Navy's fleet, including the PV 80 Offshore Patrol Vessel. The joint venture promotes the development of Brunei's maritime industry.
- Beibu Gulf (HK) LtdcoreJoint venture partner in Muara Port Company, a collaboration with Guangxi Beibu Gulf International Port Group Co Ltd. The partnership has improved productivity of Muara Port in terms of time and costs since operations began in February 2017. A Logistics Park construction is planned near Muara Port to enhance port services and attract foreign investments.
- DARe (Darussalam Enterprise)minorCollaboration with DARe to explore industrial park infrastructure opportunities, leveraging Beibu's experience in port-industrial park development model to develop Serasa and Pulau Muara Besar industrial parks.
- Beijing Dachengxingye Investing Management Co (BDIM)minorPartnership with Royal Brunei Airlines to resume direct flights to Beijing, with BDIM collaborating with RB over three years to develop the Beijing market and tourism flows to Brunei.
Scale indicators3 records
Recent moves9 records
Expansion highlights6 records
Darussalam Assets competitors and assessment
Company assessmentBroad incumbents
- Mubadala Investment Company: Abu Dhabi sovereign investor managing a diversified portfolio of strategic, infrastructure, and industrial assets globally. Comparable mandate to DA's national economic diversification role, though operating at substantially larger scale.
- Temasek Holdings: Sovereign strategic investor of Singapore that holds and actively manages a diversified portfolio of state-linked and commercial companies across sectors. Closest functional analog to DA's GLC holding role, with much larger scale.
- Khazanah Nasional: Malaysian sovereign wealth fund / strategic holding company that owns and manages government-linked companies across aviation, telecommunications, healthcare, real estate and ports — a near-perfect structural and mandate peer for Darussalam Assets.
- Investment Corporation of Dubai (ICD): Principal investment arm of the Government of Dubai managing a diversified portfolio of strategic commercial entities. Shares the GLC-holding and governance-reform mandate applied to a Gulf economy context.
- State Oil Fund of the Republic of Azerbaijan (SOFAZ): Sovereign fund of a small hydrocarbon-rich economy charged with managing state assets and supporting diversification. Relevant analog to DA given Brunei's similar oil-dependent, small-state profile.
- MOF Inc. (Minister of Finance Holdings, Singapore): Singapore government holding entity overseeing strategic state-owned enterprises; comparable to DA as a centralized vehicle for sovereign commercial holdings with formal governance standards.
- Abu Dhabi Investment Authority (ADIA): Sovereign wealth fund of Abu Dhabi investing globally across asset classes. Useful benchmark for DA's portfolio construction philosophy and long-duration sovereign capital deployment, though primarily financial rather than operating holdings.
Regional players
- CIMB Group Holdings: ASEAN-headquartered financial group with government-linked heritage operating across banking, Islamic finance, and asset management in Brunei and broader region. Provides a regional ASEAN comparable for a GLC-style holding operating in Brunei.
Others
- Guangxi Beibu Gulf International Port Group: Chinese state-owned port operator that is DA's JV partner in Muara Port Company. Directly relevant as the operator of comparable port-industrial-park assets that DA is replicating in Brunei.
- Lürssen: German naval shipbuilder and JV partner in Muara Maritime Services. Directly relevant ecosystem participant enabling Brunei's maritime MRO capability through the DA portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Darussalam Assets social profiles
Digital presenceDarussalam Assets financial estimates
Financial estimateRevenue estimate
Valuation estimate
Darussalam Assets leadership team
Management profileNumber of profiles
Profiles2 records
Darussalam Assets subsidiaries and ownership
Company hierarchySubsidiaries27 records
Darussalam Assets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Darussalam Assets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Darussalam Assets
What does Darussalam Assets do?
Darussalam Assets Sdn Bhd is a government-owned holding company that owns, manages and exercises corporate governance over a diversified portfolio of Government-Linked Companies (GLCs) in Brunei Darussalam. It operates across sectors including aviation (Royal Brunei Airlines), telecommunications (UNN and retail providers), power utility (Berakas Power), logistics (Muara Port Company, BIACC), food and beverage, hospitality, healthcare, education, agribusiness, and real estate, with the strategic objective of driving national economic diversification under Wawasan 2035.
Is Darussalam Assets a public or private company?
Darussalam Assets is a private company. It is classified as state government owned and is currently operating.
When was Darussalam Assets founded?
Darussalam Assets was founded in 2012. It employs 101 to 250 people.
Where is Darussalam Assets based?
Darussalam Assets is headquartered in Bandar Seri Begawan, Brunei, in the Asia region.
How does Darussalam Assets make money?
Two revenue lines are on record. Portfolio Company Returns are the primary driver. The others are joint Venture Operations.
Who are Darussalam Assets's main competitors?
Broad incumbents on record are Mubadala Investment Company, Temasek Holdings, Khazanah Nasional, Investment Corporation of Dubai (ICD), State Oil Fund of the Republic of Azerbaijan (SOFAZ), MOF Inc. (Minister of Finance Holdings, Singapore) and Abu Dhabi Investment Authority (ADIA). CIMB Group Holdings is listed as a regional player. Others are Guangxi Beibu Gulf International Port Group and Lürssen.
Does Darussalam Assets have an API?
No public API is recorded for Darussalam Assets.