JLG REIT Managers Sdn Bhd, as the manager of Al-Salam REIT, is pleased to announce that the Issuer, a special purpose vehicle wholly owned by Al-Salam REIT via AmanahRaya Trustees Berhad (as the trustee of Al-Salam REIT), has on 29 August 2025 lodged the Sukuk Wakalah Programme with the Securities Commission. 

The Sukuk Wakalah Programme shall have a perpetual tenure. Issuance of Sukuk Wakalah from time to time under the Sukuk Wakalah Programme may be rated and/or unrated which will be determined prior to each issuance.

The Sukuk Wakalah Programme also allows for the issuance of Sukuk Wakalah on sustainability and/or sustainability-linked format, to be in compliance with the relevant guidelines, frameworks or standards as well as the applicable framework to be established by the Al-Salam REIT.

Proceeds raised from the issuance of Sukuk Wakalah under the Sukuk Wakalah Programme shall be utilised by the Issuer to (i) advance to Al-Salam REIT to finance the investment activities of Al-Salam REIT, refinance existing and/or future Islamic financing and/or to fund the working capital and general corporate requirements of Al-Salam REIT; (ii)  refinance the maturing Sukuk Wakalah under the Sukuk Wakalah Programme; (iii) fund the requisite deposit in the sukuk trustee’s reimbursement account; and/or (iv) defray all relevant expenses incurred under the Sukuk Wakalah Programme and/or the subsequent issuance of the Sukuk Wakalah.

Maybank Investment Bank Berhad is the Principal Adviser and Lead Arranger for the Sukuk Wakalah Programme. Maybank Islamic Berhad is the Shariah Adviser for the Sukuk Wakalah Programme. 

This announcement is dated 11 September 2025.