| ALAQAR 2024 |
1 |
| Inside This Report |
2 |
| Corporate Profile |
4 |
| 2024 Year In Review |
5 |
| Corporate Information |
6 |
| Trust Structure |
7 |
| Organisation Structure |
8 |
| Salient Features |
9 |
| Letter To Stakeholders |
10 |
| Five-Year Financial Performance |
14 |
| Trading Performance |
16 |
| Market Summary Report |
18 |
| Management Discussion & Analysis |
20 |
| Investor Relations Report |
32 |
| A Glimpse At Our Statement |
34 |
| Milestones on Our Sustainability Journey |
36 |
| Our Approach To Sustainability |
37 |
| Essential ESG Performance Metrics |
39 |
| Assessing Our Materiality Matters |
43 |
| Robust Corporate Governance |
48 |
| Sustainable Trust Fund |
52 |
| Strong Social Relationships |
54 |
| Environmental Stewardship |
61 |
| Our Sustainability Journey Onwards |
64 |
| Performance Data Table |
65 |
| Independent Limited Assurance Report |
68 |
| GRI Content Index |
70 |
| The Board of Directors |
73 |
| The Shariah Committee |
82 |
| The Management Team |
84 |
| Corporate Governance Overivew Statement |
87 |
| The Board Audit and Risk Committee Report |
97 |
| Board Investment Committee Report |
102 |
| Board Nomination and Remuneration Committee Report |
105 |
| The Board Sustainability Committee Report |
108 |
| Statement On Risk Management and Internal Control |
111 |
| Additional Compliance Information |
125 |
| Shariah Adviser's Report |
126 |
| Trustee's Report |
127 |
| Analysis of Unitholdings |
128 |
| List of Properties |
130 |
| Financial Statements |
142 |
| Manager's Report |
143 |
| Statement by the Directors of the Manager |
149 |
| Statutory Declaration |
149 |
| Independent Auditors' Report |
150 |
| Statements of Comprehensive Income |
153 |
| Statements of Financial Position |
154 |
| Statements of Changes in Net Asset Value |
157 |
| Statements of Cash Flows |
159 |
| Notes to the Financial Statements |
161 |
| Corporate Information |
161 |
| Basis of Preparation and Material Accounting Policies |
162 |
| Significant Accounting Judgements and Estimates |
173 |
| Revenue |
175 |
| Property Expenses |
176 |
| Investment Revenue |
176 |
| Tax Credit |
176 |
| Earnings Per Unit |
177 |
| Income Distributions |
178 |
| Investment Properties |
179 |
| Investment in Subsidiaries |
183 |
| Trade Receivables, Other Receivables and Prepaid Expenses |
184 |
| Amount Due From Subsidiaries |
185 |
| Cash and Bank Balances |
185 |
| Other Payables |
186 |
| Deferred Tax Liability |
187 |
| Islamic Financing |
188 |
| Unitholders' Capital |
191 |
| Management Expense Ratio ("MER") |
192 |
| Significant Related Party Transactions |
192 |
| Operating Lease - Group As Lessor |
192 |
| Financial Risk Management Objectives and Policies |
193 |
| Segment Reporting |
197 |
| Capital Management |
198 |
| Portfolio Turnover Ratio ("PTR") |
199 |
| Capital Commitments |
199 |
| Significant Events |
199 |
| Assets Classified As Held for Sale |
200 |