MANAGER’S REPORT MANAGER’S INVESTMENT STRATEGIES AND POLICIES (CONT’D) (i) Portfolio composition (cont’d) (c) the aggregate investments in Property Development Activities (Property Development Costs) and Real Estate under construction must not exceed fifteen percent (15%) of the total assets value. For avoidance of doubt, such investments cannot be accounted towards meeting the requirement under Clause 6.3.1(a) of this Deed. (ii) Diversification The Fund will seek to diversify its Shariah-compliant real estate portfolio by property and location type. The Fund will primarily be focused on investing in real estates which are primarily used for healthcare purposes and will continue to look for opportunities that will provide attractive returns. (iii) Leverage The Fund will be able to leverage on its financing to make the permitted investments. Leveraging on its financing will enable the returns to unitholders to increase. DIRECTORS OF THE MANAGER The directors of the Manager in office since the beginning of the financial year and to the date of this report are: Dato’ Haji Mohd Redza Shah bin Abdul Wahid Wan Azman bin Ismail Dato’ Wan Kamaruzaman bin Wan Ahmad Shamsul Anuar bin Abdul Majid Datuk Sr Akmal bin Ahmad (Appointed on 21 January 2021) Abdullah bin Abu Samah (Appointed on 10 March 2021) Datuk Hashim bin Wahir (Appointed on 24 January 2022) Yusaini bin Sidek (Resigned on 15 January 2021) Zainah binti Mustafa (Resigned on 10 March 2021) Mohd Yusof bin Ahmad (Resigned on 29 December 2021) DIRECTORS OF THE MANAGER’S BENEFITS Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Manager of the Fund was a party, whereby the directors might acquire benefits by means of the acquisition of units in or debentures of the Fund or any other body corporate. Since the end of the previous financial year, no Director of the Manager has received or become entitled to receive any benefit (other than benefits included in the aggregate amount of emoluments received or due and receivable by the directors of Manager or the fixed salary of a full time employee of the Fund or its related corporations) by reason of a contract made by the Fund or a related corporation with any director or with a firm of which the director is a member, or with a Fund in which the director has substantial financial interest. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 20201 132
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