pg. 51 Approach to Value Creation Integrated Annual Report 2025 PORTFOLIO CAPITAL MENARA KOMTAR Date of acquisition: 2015 Acquisition Cost: RM70.0 million Title: GRN 44587 Tenure & Expiry Date: Freehold Encumbrance: Nil Year of Completion: 1979 Age of Building: 46 years Appraised Value: RM70.0 million (Date of valuation 31 December 2025) Menara KOMTAR is a 25-storey freehold office tower located within the Ibrahim International Business District and represents the sole office asset within Al-Salām REIT’s diversified portfolio. The tower is integrated with KOMTAR JBCC, forming part of a mixed-use development in a prime central business district location. The asset continues to demonstrate stable performance, underpinned by strong tenancy from the JCorp Group of Companies. Its consistent occupancy profile and strategic positioning reinforce its role as a key contributor to the REIT’s recurring income stability, while supporting long-term capital appreciation. The upcoming Bukit Chagar RTS station is expected to enhance connectivity and further strengthen the asset’s appeal, while supporting increased activity across the integrated development. Menara KOMTAR, Johor Bahru City Centre, Jalan Wong Ah Fook, 80888 IIBD, Johor https://komtarjbcc.com.my/ info@komtarjbcc.com.my T: +60 7-267 9900 Fx: +60 7-267 9968 Land area (sqft) 230,757 GFA (sqft) 242,195 NLA (sqft) 157,117 No. of Parking Bays 208 Value per sqft (RM) 445.53 Occupancy Rate 90% OFFICE SEGMENT
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