Letter to Stakeholders STRATEGIC RENEWAL WITH A CLEAR VISION FOR GROWTH As we chart a new course for Al-Salām REIT, our strategic direction is defined by clarity, discipline, and a firm commitment to value creation. Under the guidance of the newly appointed management team, we are entering a pivotal phase of transformation, focused not only on turning around current performance, but on building a more resilient, future-ready portfolio. This renewed direction is underpinned by targeted initiatives that are both pragmatic and forward-looking, positioning the Fund to unlock greater long-term returns for unitholders. Our roadmap begins with portfolio enhancement—repositioning and revitalising our assets to optimise occupancy rates and strengthen rental yields. This will be followed by a disciplined approach to asset acquisition and divestment, identifying yield-accretive opportunities while streamlining the portfolio to focus on strategic core assets. Equally critical is operational efficiency. Through digitalisation and proactive asset management, we are focused on improving cost structures and driving sustainable margins. Our strategy embraces sustainability and ESG integration, embedding these principles into our asset planning and disclosures to align with both regulatory expectations and investor sentiment. Lastly, stakeholder engagement remains at the heart of our strategy. We are committed to transparent communication and fostering confidence through consistent performance and open dialogue with our unitholders. With a sharpened focus, proven leadership, and the unwavering support of our stakeholders, Al-Salām REIT is well-positioned to capitalise on emerging opportunities and deliver long-term sustainable growth. ACKNOWLEDGEMENTS We would like to express our sincere gratitude to our unitholders, investors, clients, trustees, financiers, business partners, government agencies, and regulators for their continued support. We also acknowledge the contributions of our former Chairman, Dato’ Haji Mohd Redza Shah bin Abdul Wahid, former Non-Independent Non-Executive Director, Ng Yan Chuan, and former CEO, YM Raja Nazirin Shah bin Raja Mohamad, whose leadership helped shape our foundations. To our employees and management team—your dedication remains the cornerstone of our progress, and we thank you for your tireless efforts in driving Al-Salām REIT forward. We remain confident that our strategic initiatives will strengthen the Fund's long-term resilience and reaffirm our commitment to delivering sustainable value to all stakeholders. Datuk Hashim bin Wahir Chairman 1 ABOUT US 13 2 BUSINESS OVERVIEW 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS
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