TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AL-SALAM REAL ESTATE INVESTMENT TRUST ("AL-SALAM REIT") PROPOSED DISPOSAL OF PROPERTY LOCATED AT JALAN KUCHAI LAMA, KUALA LUMPUR FOR A TOTAL CASH CONSIDERATION OF RM14,700,000 ("PROPOSED DISPOSAL")

AL-SALAM REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
AL-SALAM REAL ESTATE INVESTMENT TRUST ("AL-SALAM REIT")

PROPOSED DISPOSAL OF PROPERTY LOCATED AT JALAN KUCHAI LAMA, KUALA LUMPUR FOR A TOTAL CASH CONSIDERATION OF RM14,700,000 ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of Damansara REIT Managers Sdn Berhad, being the manager of Al-Salām REIT, KAF Investment Bank Berhad wishes to announce that AmanahRaya Trustees Berhad (acting solely in its capacity as a trustee for and on behalf of Al-Salām REIT) had, on 3 December 2024 entered into a sale and purchase agreement with Winfar Builders Sdn Bhd for the Proposed Disposal.

Further details of the Proposed Disposal are set out in the attachment enclosed.

This announcement is dated 3 December 2024.



Announcement Info

Company Name AL-SALAM REAL ESTATE INVESTMENT TRUST
Stock Name ALSREIT
Date Announced 03 Dec 2024
Category General Announcement for PLC
Reference Number GA1-03122024-00062