How much revenue has KSBB generated from UKM fee collections since 2017?

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KSBB generated RM90.56 million in revenue from UKM fee collections since 2017
Koperasi Siswazah Bangi Bhd (KSBB) has generated RM90.56 million in revenue from UKM fee collections since the partnership began in 2017. The figure was stated by KSBB manager Muhammad Hafiz Md Saad in the context of issues raised in the Auditor-General’s Report (LKAN) Series 1/2026.
Revenue amount tied to the 2017 start of the partnership
KSBB said all collections since the collaboration began in 2017 were managed and channelled to Universiti Kebangsaan Malaysia (UKM) in line with the agreement. Over that period, the collections generated RM90.56 million in revenue for UKM.
Collections were handled under the signed agreement framework
The manager said fee collections for the Master of Education and Diploma in Postgraduate Education (DPLI) programmes complied with signed agreements. He also cited approvals involving UKM management meeting, senate, Standing Finance Committee (JKTK), and UKM’s Legal Advisor’s Office.
Remittance timing after students complete full semester fees
Muhammad Hafiz explained that fee payments were remitted to UKM after students settled their full semester fees. He also said an instalment scheme was agreed by the university from the outset to ease students’ financial burden.
Ongoing reconciliation related to arrears and student status
On arrears, KSBB said it actively managed claims starting October 2025, and UKM announced that outstanding debt had been reduced to RM3.49 million as of Jan 14, 2026, from RM5.32 million on Dec 31, 2024. Further reviews were ongoing to reconcile student records involving withdrawals, dismissals, or deaths, with KSBB pledging full cooperation to resolve any remaining balance transparently.

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How much revenue has KSBB generated from UKM fee collections since 2017?

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