AL-SALAM REIT ANNUAL REPORT 2020

152 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 18. UNITHOLDERS' CAPITAL No. of units 2020 2019 2020 2019 RM RM Group and Fund Unitholders' capital 580,000,000 580,000,000 572,545,319 572,545,319 The Fund issued 580,000,000 units of RM1 each in conjunction with the Fund’s Initial Public Offering (“IPO”) on the Main Market of Bursa Malaysia on 29 September 2015 of which 327,640,000 units of RM1 each were issued to vendors of the Fund’s investment properties to partially finance the acquisition of the said investment properties. The remaining 252,360,000 units of RM1 each were issued as part of the IPO to institutional investors and the Malaysian public. Details of units held by the related companies of the Manager which comprise companies related to Johor Corporation, a body corporate established under the Johor Corporation Enactment No. 4, 1968 (as amended by the Enactment No. 5, 1995), and substantial unitholders of the Fund, and their market value as of 31 December 2020 based on the Record of Depositors are as follows: No. of units 2020 2020 RM Group Related companies: Johor Corporation 24,436,600 13,440,130 Damansara Assets Sdn Bhd 278,539,417 153,196,679 Kulim (Malaysia) Berhad 27,060,600 14,883,330 KPJ Healthcare Berhad 2,000,000 1,100,000 Johor Land Berhad 1,499,500 824,725 Kumpulan Bertam Plantations Berhad 296,000 162,800 Tenaga Utama (Johor) Berhad 7,688 4,228 Fund No. of units 2020 2019 2020 2019 RM RM Related companies: Johor Corporation 24,436,600 24,436,600 13,440,130 19,793,646 Damansara Assets Sdn Bhd 278,539,417 278,539,417 153,196,679 225,616,928 Kulim (Malaysia) Berhad 27,060,600 27,060,600 14,883,330 21,919,086 Johor Land Berhad 1,499,500 1,499,500 1,100,000 1,214,595 KPJ Healthcare Berhad 2,000,000 2,000,000 824,725 1,620,000 Kumpulan Bertam Plantations Berhad 296,000 296,000 162,800 239,760 Tenaga Utama (Johor) Berhad 7,688 7,688 4,228 6,227 Market value for purposes of disclosure above is based on the closing price of the Fund as shown on the board of the Main Market of Bursa Malaysia, which was RM0.55 per unit as at 31 December 2020 (2019: RM0.81 per unit).