DAMANSARA REIT MANAGERS SDN. BERHAD

(717704-V)

 

DRMSB is the Manager of Al-Salām REIT. The Manager was incorporated in Malaysia pursuant to the Act on 8 December 2005. The Manager is a wholly-owned subsidiary of DASB, which in turn is, a wholly-owned subsidiary of JCorp. The Manager is a Capital Markets Services License holder, authorised to carry out fund management activities in relation to REIT. The Manager manages two (2) funds, namely Al-`Aqar HealthcareREIT and Al-Salām REIT.

Al- Salām REIT is managed and administered by the DRMSB, who has the primary objectives of:

a)    providing unitholders of the Trust ("Unitholders") with stable cash distributions with the potential for sustainable growth, principally from the ownership of properties; and

b)     enhancing the Net Asset Value of Al-Salām REIT's units ("Units")

The objectives are sought to be achieved by optimizing the performance and enhancing the overall quality for a large and geographically diversified portfolio of Syariah-compliant real estate assets through various permissible investment and business strategies.

The Board of Directors of DRMSB ("Board") is firmly committed to ensuring that the Manager implements and operates good corporate governance practices in its management of the Trust. In developing its system of corporate governance, the Directors have been guided by the measures set out in the Guidelines on Real Estate Investment Trusts issued by the Securities Commission ("REIT Guidelines"), the Listing Requirements of Bursa Securities ("Listing Requirements") and the Malaysian Code on Corporate Governance ("Code").

 

 

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