AL-SALAM REIT ANNUAL REPORT 2019

The Malaysian College of Hospitality and Management, being the fund’s sole education property asset has also provided stable earnings deriving from the triple net lease arrangement with KPJ Group’s education arm. We are pleased to announce that Al-Salām REIT has distributed a total distribution per unit (DPU) of 4.75 sen in FY2019. This translates into an annual distribution yield of 5.9% based on the closing unit price of RM0.81 as at 31 December 2019. The total payout of RM27.6 million represents approximately 97% of Al-Salām REIT’s distributable income for the year. On this note, I would like to express my sincerest appreciation to Dato Kamaruzzaman Abu Kassim as former Chairman of the Manager and Tuan Haji Lukman Haji Abu Bakar as former Board member of the Manager, on their wisdom and leadership in providing guidance to the team throughout their tenure. My gratitude also to the Board members for their invaluable counsel and advice as well as to the Shariah Committee for their wisdom in ensuring our assets remain shariah compliant throughout. Our achievements are due in large part to their leadership, hard work and commitment. It would not have been possible without them at the helm. Appreciation also extends to the management team of the Manager for the undivided commitment and dedication towards Al-Salām REIT. My wholehearted acknowledgement also goes to our valued stakeholders- unitholders, trustee, financiers, business partners and relevant authorities for their unwavering support and trust throughout the year. Dato’ Hj. Mohd Redza Shah Bin Abdul Wahid Chairman The year 2019 bore witness to Malaysia’s tepid economic growth as lingering global trade uncertainties continued to cloud over domesticmarket performance during the observed period Letter To Stakeholders 9 ANNUAL REPORT 2019 sen 17 new QSR properties total value of RM87 million 4.75 TOTAL DISTRIBUTION PER UNIT (DPU) TOTAL PAYOUT million RM27.6 AL-SALĀM REIT •