1 2024 Highlights 3 Corporate Profile 4 Salient Features 5 Corporate Information 6 Trust Structure 7 Organisation Structure 8 ABOUT US Advancing Global Initiatives 47 Key Measures of ESG Performance 48 Sustainability Leadership & Accountability 49 Addressing Stakeholder Needs 50 Recognising Our Material Sustainability Matters 52 Integrating Climate Initiatives 54 ROBUST CORPORATE GOVERNANCE 57 SUSTAINABILITY TRUST FUND 61 STRONG SOCIAL RELATIONSHIPS 64 ENVIRONMENTAL STEWARDSHIP 72 Paving the Way for A Sustainable Future 75 Performance Data Table 76 Independent Limited Assurance Report 79 GRI Content Index 83 The Board Sustainability Committee Report 129 Statement on Risk Management and Internal Control 133 Additional Compliance Information 151 Shariah Adviser’s Report 153 Trustee’s Report 154 2 Letter to Stakeholders 10 5-Year Financial Performance 14 Trading Performance 15 Market Report Summary 16 Management Discussion and Analysis 21 Investor Relations Report 40 BUSINESS OVERVIEW 5 Portfolio Summary and Details 156 Analysis of Unitholdings 170 OTHER INFORMATION 3 Our Statement at A Glance 42 Progress on Our Path 42 Our Reporting Scope and Boundary 42 Reporting Frameworks and Standards 43 Data Integrity 43 We Value Your Perspective 43 Our Sustainability Performance 44 Our Dynamic Reporting Journey 45 Key Foundations of Sustainability 46 SUSTAINABILITY STATEMENT 6 Manager’s Report 175 Statement by the Directors of the Manager 182 Statutory Declaration 182 Independent Auditors’ Report 183 Statements of Comprehensive Income 187 Statements of Financial Position 189 Statement of Changes in Net Asset Value 191 Statements of Cash Flows 192 Notes to the Financial Statements 194 FINANCIAL STATEMENTS SCAN ME to view Annual Report online 1 Open the Camera app or open the dedicated QR code reader 2 Point your camera or QR code scanner at the QR code 3 Get access to Al-Salām REIT’s website 4 Board of Directors 86 The Shariah Committee 96 The Management Team 99 Corporate Governance Overview Statement 102 The Board Audit and Risk Committee Report 114 Board Investment Committee Report 121 Board Nomination and Remuneration Committee Report 125 CORPORATE GOVERNANCE
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