FUND LEVEL - BUSINESS MODEL TRANSFORMATION. To remain competitive in the industry, the Group has re-designed its new business model and packages to include rental revision, rental rebate and other affordable packages offered to both existing and future tenants. This rental arrangement is flexible to cater to the needs and requirements of the tenants. MANAGER LEVEL - DIGITAL AND ORGANISATIONAL TRANSFORMATIONS. To expedite the implementation of fund transformation initiatives, the Manager has implemented various initiatives, such as digital transformation to promote flexible working arrangements during pandemic periods and organisational transformation to redirect the team to focus on strategic matters rather than administration or operational matters by having an inverted pyramid organisational structure. The above initiatives will act as a platform for the Group to optimise the assets as well as to expand its current portfolio. Currently, the Group is in the stage of negotiation with both KPJ and third parties asset owner / operator to inject the new healthcare properties. It is expected for Al-`Aqar to record a transaction involving the diversification initiatives by the first half of 2022. LETTER TO STAKEHOLDERS CORPORATE OVERVIEW STRATEGIC PERFORMANCE GOVERNANCE STRUCTURE THE DRIVING FORCES SUSTAINABILITY STATEMENT FINANCIAL REPORTS 013
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