AL-SALAM REIT ANNUAL REPORT 2020

109 ANNUAL REPORT 2020 MANAGER’S INVESTMENT STRATEGIES AND POLICIES (CONT’D) To achieve the Fund’s primary objective, the Manager will seek to achieve the following strategies: (cont’d) (c) Capital and risk management strategy The Manager will endeavour to employ an appropriate mix of debt and equity in financing acquisitions, seek to manage financing and refinancing risk and to adopt an active financing rate management strategy to manage the risks associated with changes in financing rates. The investments of the Fund are subject to the following investment limits imposed by the REIT Guidelines: (a) at least 50% of the Fund’s total asset value must be invested in real estate assets at all times; and (b) not more than 25% of the Fund’s total asset value may be invested in non-real estate-related assets and/or cash, Shariah-compliant deposits and Islamic money market instruments. The investments of the Fund are limited to instruments in both real estate-related assets and non-real estate-related assets as follows: (a) the value of the Fund’s investments in securities issued by any single issuer must not exceed 5% of the Fund’s total asset value; (b) the value of the Fund’s investment in securities issued by any group of companies must not exceed 10% of the Fund’s total asset value; and (c) the Fund’s investment in any class of securities must not exceed 10% of the securities issued by any single issuer; or Such other limits and investments as may be permitted by the Securities Commission Malaysia or the REIT Guidelines. DIRECTORS OF THE MANAGER The directors of the Manager in office since the beginning of the financial year and to the date of this report are: Wan Azman bin Ismail Zainah binti Mustafa Mohd Yusof bin Ahmad Dato’ Haji Mohd Redza Shah bin Abdul Wahid (Appointed on 14 February 2020) Dato’ Wan Kamaruzaman bin Wan Ahmad (Appointed on 24 August 2020) Shamsul Anuar bin Abdul Majid (Appointed on 24 August 2020) Datuk Sr Akmal bin Ahmad (Appointed on 21 January 2021) Dato’ Kamaruzzaman bin Abu Kassim (Resigned on 20 January 2020) Lukman bin Abu Bakar (Resigned on 14 February 2020) Dato’ Amiruddin bin Abdul Satar (Resigned on 1 July 2020) Dr. Mohd Hafetz bin Ahmad (Resigned on 24 August 2020) Dato’ Dr. Rahah binti Ismail (Resigned on 24 August 2020) Yusaini bin Sidek (Resigned on 15 January 2021) DIRECTORS OF THE MANAGER’S BENEFITS Since the date of the previous financial year, no director of the Manager has received or become entitled to receive any benefit (other than benefits which accrue from the fee paid to the Manager or from transactions made with companies related to the Manager) by reason of a contract made by the Manager or the Fund or a related corporation with any director or with a firm of which the director is a member, or with a company in which the director has a substantial financial interest. Neither at the end of the financial year, nor at any time during that period, did there subsist any arrangement to which the Manager of the Fund is a party, with the object or objects of enabling the directors of the Manager to acquire benefits by means of the acquisition of units in or debentures of the Fund or any other body corporate. MANAGER’S REPORT (CONT’D)