2 ABOUT US Al-`Aqar Healthcare REIT | Annual Report 2024 17 HOSPITALS 3 WELLNESS/ HEALTH CENTRES 2 COLLEGES 1 AGED CARE & RETIREMENT VILLAGE CORPORATE PROFILE Al-`Aqar Healthcare REIT (‘’Al-`Aqar”) was established on 10 August 2006 and is listed on the main market of Bursa Malaysia. From its humble beginnings with a portfolio of just six properties, Al-`Aqar has steadily evolved and transformed into a reputable player in the Malaysian REIT landscape. Today, it boasts an extensive portfolio of 23 properties strategically diversified across several key segments, with a notable focus on healthcare assets. The portfolio now comprises 17 hospitals, three wellness/ health centers, two colleges, and an aged care facility, underscoring Al-`Aqar’s robust position in the healthcare real estate sector. This diverse mix of properties not only highlights the fund’s adaptability but also its ability to cater to the growing demand for specialised healthcare and wellness services in Malaysia. Al-`Aqar’s growth trajectory has been driven by the expertise and strong leadership of JLG REIT Managers Sdn Bhd (JRM) (formerly known as Damansara REIT Managers Sdn Berhad), which serves as the fund manager. JRM is a wholly-owned subsidiary of Johor Corporation and is further supported by KPJ Healthcare Berhad (‘’KPJ”), both of which provide a solid foundation for Al-`Aqar’s strategic direction and operational success. JRM’s dedicated efforts in asset management, operational efficiency, and portfolio optimisation have been instrumental in the fund’s continued success and expansion. As of 31 December 2024, Al-`Aqar’s portfolio is valued at RM1.65 billion, with a market capitalisation of RM1.14 billion.
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