SECTION 06 pg. 78 AL-SALĀM REIT SUSTAINABILITY STATEMENT STAKEHOLDER ENGAGEMENT REPORT (CONT’D) Stakeholders Regulatory agencies and statutory bodies play a crucial role for the REIT by ensuring compliance, preserving customer trust and contributing to financial market stability. Their oversight is vital for the REIT’s credibility and success. Engagement Platform ● Quarterly compliance reports submitted to the Board ● Announcements, notifications & regular updates ● Compliance reviews and audits Areas of Concern • Adherence to regulations • Employment practices • Openness and information sharing Response • Adheres to current laws and regulations Regulatory Agencies and Statutory Bodies Stakeholders Employees are central to the operations, playing a crucial role in managing, maintaining, and enhancing the REIT’s properties. Their efforts significantly contribute to operational efficiency and the overall success of the REIT’s operations. Engagement Platform ● Performance and career growth plans ● Townhall sessions ● Salary package reviews ● Balancing work and personal life Areas of Concern • Employees’ performance and growth • Business strategies, goals and achievements • Employees well-being • Employees benefits Response • Provides career advancement and skill development opportunities, along with attractive benefits, to attract and retain top talent Employees Stakeholders Property, service, and maintenance managers are critical in overseeing the efficient operation, upkeep, and value enhancement of assets. Their contributions are vital to the overall success and performance of the investment fund. Engagement Platform ● Monthly reporting ● Monthly meetings Areas of Concern • Maintenance overview Response • Senior management consistently engages in discussions with all building and property managers to address improvement opportunities • Maintenance managers submit monthly updates to REIT Property, Services, Maintenance Managers
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