Al-`Aqar Healthcare REIT Annual Report 2018

3 2018 Highlights 4 Objective, Policy & Strategies 5 Corporate Profile 6 Corporate Information 8 Letter to Stakeholders 10 Salient Features 11 5 Years’ Financial Performance 13 Trading Performance 15 Analysis of Unit Holdings 18 Trust Structure 19 Organisation Structure 20 The Board of Directors 26 The Shariah Committee 28 The Management 31 Management Discussion and Analysis 42 Investor & Public Relations 44 Market Report Summary 48 Portfolio Summary and Details CORPORATE OVERVIEW DRIVING FORCE STRATEGIC PERFORMANCE 61 About This Statement 61 Our Journey Towards A Sustainable REIT 63 Governance And Accountability 64 Engaging Stakeholders 65 Materiality Assessment 67 Sustainability Pillars 67 Governance 68 People 69 Partner 71 Board Charter 76 Corporate Governance Statement 82 Audit Committee Report 84 Statement on Risk Management & Internal Control 89 Manager’s Report 95 Independent Auditors' Report 98 Statements of Comprehensive Income 100 Statements of Financial Position 101 Statements of Changes in Net Asset Value 102 Statements of Cash Flows 104 Notes to the Financial Statements 153 Statement by the Directors of the Managers 154 Declaration by the Director of the Manager 155 Shariah Committee Report 156 Trustee’s Report SUSTAINABILITY STATEMENT ESSENCE OF CORPORATE GOVERNANCE FINANCIAL REPORTS TABLE OF CONTENTS