AL-SALAM REIT ANNUAL REPORT 2019

Corporate Profile Al-Salām Real Estate Investment Trust AL-SALĀM REIT • 4 ANNUAL REPORT 2019 Al-Salām REAL ESTATE INVESTMENT TRUST (REIT) was listed on the Main Market of Bursa Malaysia Securities Berhad on 29 September 2015 Al-Salām REIT is a Shariah compliant fund with principal activity to invest in diversified Shariah-compliant properties. With an initial portfolio of 31 properties, Al-Salām REIT has grown to 49 properties comprising 3 retail malls, 1 office building, 38 Food & Beverage restaurants and 7 Food & Beverage Non-Restaurant outlets located across Malaysia. The property value has grown 30% from an initial portfolio of RM911.5 million to RM1.19 billion as at 31 December 2019. The Fund is managed by Damansara REIT Managers Sdn Berhad (DRMSB or the Manager) a wholly-owned subsidiary of Johor Corporation (JCorp). The Manager is a Capital Markets Service licence holder, authorised to carry out fund management activities in relation to REIT. As at 31 December 2019, Al-Salām REIT asset value stood at RM1.25 billion with a market capitalisation of RM469.8 million