Berhad (BHD) is a suffix used in Malaysia to identify a public limited company. This suffix is identified in the registration of the company and is typically used to distinguish between a publicly listed company and a private limited company, which is known as a Sendirian Berhad (SDN BHD). BHD companies are liable for the debt of the company and shareholders won't lose more than their initial investments.

BHD companies are the largest companies in Malaysia, as they must meet specific criteria while SDN BHD companies are typically smaller or midsize enterprises. BHD companies have strict financial reporting standards and must publicly disclose their financial statements. The company must also facilitate an audit at least once a year, which is overseen by an appointed auditor by the Malaysian Securities Commission.

BHD companies may choose to list themselves on the stock market and their shares can be traded on the stock exchange. However, some companies may prefer for their shares to remain unlisted and traded in private transactions, thus not requiring annual disclosure or an audit in line with the Companies Act 2016.

When compared to SDN BHD companies, BHD companies are typically larger and have greater long-term liabilities and obligations. They must adhere to greater financial transparency, reporting and governance responsibilities, typically associated with higher capital investments and a greater public focus.

BHD companies are one of the foundations of the Malaysian economy, with their widespread presence and maximization of resources. Companies that have the suffix of BHD are usually the most reliable, as they have a proven track record when it comes to quality of service and dependability.