SECTION 07 pg. 184 AL-SALĀM REIT BOARD INVESTMENT COMMITTEE REPORT Roles and Responsibilities Subject at all times to the provisions of the Trust Deed, and to any other regulations or resolutions that may be adopted, the BIC is responsible for: (a) Reviewing all proposals regarding investments, dispositions, financings and other relevant transactions (strategic transactions) (b) To make recommendations on any other matters to the Board; (c) To review and monitor approved strategic transactions or other matters; (d) Ensuring that the REIT is managed in accordance with: • its investment objectives; • its Restated Deed; • its Prospectus; • the SC Guidelines and other securities laws; and • the internal investment restrictions and policies. (e) Carrying out other duties as may be determined from time to time by the Board. MATTERS DISCUSSED BY THE BIC IN FY2025 The BIC has undertaken the role of reviewing, recommending and monitoring to the Board pertaining to all proposals including strategic transactions i.e., investments in ensuring that the REIT practises sound capital preservation and safety margin levels, maintains optimally measured risk-reward thresholds, adopts prudent but pragmatic management style and attain adequate earnings potential and competitive advantages as well as growth. The following are key matters discussed by the BIC during the FY2025: Investment (Acquisition & Disposal) The BIC has reviewed proposals of proposed acquisitions of shariah-compliant real estate to ensure these properties have good track record and/or good prospects of future net rental income of reasonable levels which have been shown by studies to be competitive and located within good catchment areas. Properties to be acquired are expected to at least maintain or enhance the earnings of the REIT fund. The BIC has reviewed and monitor proposal of divested of properties, namely where the investments have achieved the set targets, or have been assessed as not being able to derive any further value and or when an opportunity to maximise its value arises before the predetermined investment time horizon or other reason that may warrant divestment. The divestment plan also has taken into consideration the transformation in the respective industry.
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