AL-SALAM REIT ANNUAL REPORT 2020

05 ANNUAL REPORT 2020 Al-Salām REIT embarked its milestone by being listed on the Main Market of Bursa Malaysia Securities Berhad on 29 September 2015 with an initial asset value of RM903.1 million. Starting with 31 properties in 2015, Al-Salām REIT has expanded its portfolio to 54 properties across Malaysia comprising 3 retail malls, an office building, 43 Food & Beverage restaurants and 7 Food & Beverage Non-Restaurant assets. The asset value of Al-Salām REIT had risen to RM1.19 billion as at 31 December 2020 from its initial investment. Damansara REIT Managers Sdn Berhad, the Manager of Al-Salām REIT (DRMSB or The Manager), is a subsidiary of Johor Corporation (JCorp) Group of Companies. DRMSB is licensed under the Capital Markets and Services Act 2007, to manage Islamic REIT. As at 31 December 2020, Al-Salām REIT market capitalisation stood at RM319.0 million