124 AL-SALAM REIT BC OO AMRMDI T ITNEVEE SR TE PMOE RNTT The Board Investment Committee (“BIC” or the “Committee”) plays a pivotal role in evaluating all investment opportunities and to make recommendations to the board with regard thereto. The responsibilities include reviewing, assessing and deciding on the escalation of proposals relating to asset investment (acquisition and disposal), asset management and fund-raising exercises to be undertaken by the REIT to the Board and Trustee for approval. COMPOSITION In line with the recommendation of Chapter 6 of the Guidelines on Real Estate Investment Trusts of Securities Commission Malaysia, the composition of the BIC is as follows: Members 1. Datuk Wan Kamaruzaman Wan Ahmad Chairman/Independent Non-Executive Director 2. Abdullah Abu Samah Independent Non-Executive Director 3. Shamsul Anuar bin Abdul Majid Non-Independent Non-Executive Director Secretaries 1. Nuraliza binti Abd Rahman 2. Rohaya binti Jaafar The BIC members are appointed by the Board and consist of not less than 3 members, all of whom shall be non-executive Directors with a majority of them being independent Directors. The Board elects a chairman who is an independent Director and who is not the chairman of the Board. The composition of the BIC shall adhere to the recommendation as per the Chapter 6 of the Guideline on Real Estate Investment Trusts. The Board of Directors, via the BNRC, annually reviews the terms of office and performance of the BIC and its members through an effectiveness evaluation exercise. The BNRC assessed the BIC’s performance for the financial year ended 31 December 2022 and was satisfied that the BIC and its members have discharged their functions, duties, and responsibilities in accordance with the BIC’s Terms of Reference. MEETINGS AND ATTENDANCE Number of Meetings Held and Details of Attendance The BIC meets at quarterly intervals or such other intervals as the Committee shall decide. The BIC held four (4) regular meetings and two (2) special BIC meetings during the financial year ended 31 December 2022 which were attended by all members. During the financial year, the details of attendance are as follows: No BARC Members Date of Meetings 17 Feb 2022 14 Apr 2022 (Special) 18 May 2022 18 Aug 2022 14 Nov 2022 1 Dato’Wan Kamaruzaman bin Wan Ahmad 2 Abdullah bin Abu Samah 3 Shamsul Anuar bin Abdul Majid
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