Al-`Aqar Healthcare REIT Annual Report 2023

01 ABOUT US 3 Corporate Profile 4 2023 Year in Review 5 Corporate Information 6 Trust Structure 7 Organisation Structure 8 Salient Features 04 CORPORATE GOVERNANCE 84 The Board of Directors 93 The Shariah Committee 96 The Management Team 100 Corporate Governance Overview Statement 113 Board Nomination and Remuneration Committee Report 118 Board Audit and Risk Committee Report 125 Board Investment Committee Report 128 Board Sustainability Committee Report 131 Statement on Risk Management and Internal Control 145 Additional Compliance Information 146 Shariah Adviser’s Report 147 Trustee’s Report 02 BUSINESS OVERVIEW 10 Letter to Stakeholders 15 Five-Year Financial Performance 17 Trading Performance 19 Market Summary Report 24 Management Discussion & Analysis 38 Stakeholders Engagement 05 OTHER INFORMATION 149 Analysis of Unitholdings 151 List of Properties 03 SUSTAINABILITY STATEMENT 41 Overview 43 A Synopsis of Our Sustainability Accomplishments 44 Navigating Our Sustainability Journey 45 Our Approach to Sustainability 47 Key ESG Performance Indicators 51 Insights Into Our Materiality Assessment 54 Integrating Climate-Related Considerations 56 Robust Corporate Governance 61 Sustainable Trust Fund 64 Strong Social Relationships 72 Environmental Stewardship 76 Moving Ahead 77 Performance Data Table 80 GRI Content Index 82 TCFD Content Index 06 FINANCIAL STATEMENTS 165 Manager’s report 171 Statement by Directors of the Manager 171 Statutory Declaration 172 Independent Auditors’ Report 176 Statements of Comprehensive Income 178 Statements of Financial Position 180 Statements of Changes in Net Asset Value 182 Statements of Cash Flows 184 Notes to the Financial Statements INSIDE THIS REPORT

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