Former Selangor menteri besar Khalid Ibrahim’s star may have dimmed after he was ousted from office in 2014, but revival is on the cards - thanks to his pivotal role in the Guthrie dawn raid.

A film based on the 1981 event when Khalid led a raid on the London Stock Exchange to return the plantation giant to Malaysian ownership is now in development at Malaysian filmmaker Bront Palarae’s production house Pixel Play, entertainment portal Screen Daily reports.

Bront also plans to direct the film, which was written in English by banker-cum-actor Redza Minhat and Chew Kin Wah.

The film, dubbed ‘Dawn Raid: The Hands That Rattled The Queen’, is funded by the National Film Development Corporation (Finas), the portal reports.

Khalid led the raid as chief executive of government fund Permodalan Nasional Bhd (PNB).

PNB gained 51 percent of the British plantation giant Guthrie in less than two hours by aggressively purchasing large amounts of stocks from the starting bell.

Khalid became CEO of Guthrie from 1995 to 2003.

His illustrious corporate career made him a much celebrated recruit to PKR. He served as menteri besar of Selangor from 2008 to 2014.

He was ousted through the ‘Kajang Move’, ostensibly for not consulting the party on major policy decisions in Selangor. He was subsequently sacked from PKR.

Khalid is now Independent MP for Bandar Tun Razak and assemblyperson for Port Klang.