150 AL-SALAM REIT Manager’s investment strategies and policies (cont’d.) The investments of the Fund are limited to instruments in both real estate-related assets and non-real estate-related assets as follows: (a) the value of the Fund’s investments in securities issued by any single issuer must not exceed 5% of the Fund’s total asset value; (b) the value of the Fund’s investment in securities issued by any group of companies must not exceed 10% of the Fund’s total asset value; and (c) the Fund’s investment in any class of securities must not exceed 10% of the securities issued by any single issuer; or Such other limits and investments as may be permitted by the Securities Commission Malaysia or the REIT Guidelines. Directors of the Manager The directors of the Manager in office since the beginning of the financial year and to the date of this report are: Dato’ Haji Mohd Redza Shah bin Abdul Wahid Dato’ Wan Kamaruzaman bin Wan Ahmad Shamsul Anuar bin Abdul Majid Datuk Sr Akmal bin Ahmad Abdullah bin Abu Samah Datuk Hashim bin Wahir (Appointed on 24 January 2022) Dato’ Haji Salehuddin bin Hassan (Appointed on 4 March 2022) Ng Yan Chuan (Appointed on 16 December 2022) Lailatul Azma binti Abdullah (Appointed on 16 December 2022) Wan Azman bin Ismail (Resigned on 30 June 2022) Directors of the Manager’s benefits Since the end of the previous financial year, no director of the Manager has received or become entitled to receive any benefit (other than benefits which accrue from the fee paid to the Manager or from transactions made with companies related to the Manager) by reason of a contract made by the Manager or the Fund or a related corporation with any director or with a firm of which the director is a member, or with a company in which the director has a substantial financial interest. Neither at the end of the financial year, nor at any time during that period, did there subsist any arrangement to which the Manager of the Fund is a party, with the object or objects of enabling the directors of the Manager to acquire benefits by means of the acquisition of units in or debentures of the Fund or any other body corporate. Directors of the Manager’s interests According to the Register of Directors’ Unitholdings kept by the Manager under Section 59 of the Companies Act 2016, the interests of the Directors of the Manager in office at the end of the financial year in units of the Fund and its related corporations during the financial year were as follows: <------------------ Number of ordinary shares ------------------> At 1.1.2022 Acquired Sold At 31.12.2022 Al-Salām Real Estate Investment Trust Dato’ Haji Salehuddin bin Hassan 9,125 - - - 9,125 Save as disclosed above, none of the other Directors of the Manager in office at the end of the financial year had any interest in units of the Fund and of its related corporations during and at the end of the financial year. MANAGER'S REPORT (cont’d.)
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