140 AL-SALĀM REIT BOARD INVESTMENT COMMITTEE REPORT ANNUAL REPORT 2023 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 regular meetings and one special BIC meetings during the financial year ended 31 December 2023 which were attended by all members. During the financial year, the details of attendance are as follows: TERMS OF REFERENCE The BIC is responsible for fulfilling the duties ascribed to it in the BIC Term of Reference (“BIC TOR”), including those specifically delegated to it from time to time by the Board. The duties and responsibilities of the BIC are set out in its Terms of Reference as follows: Objectives (a) Making recommendations to the Board on all acquisitions, investments and disposals; b) Making recommendations to the Board on any financing offers, capital management proposals and additional banking facilities; c) Reporting and recommending to the Board any corporate exercise, including the issuance of new REIT units; and d) Making recommendations to the Board on financial budgets. Roles and Responsibilities Subject at all times to the provisions of the Trust Deed, and to any other regulations or resolutions that may be adopted, the BIC is responsible for: (a) Reviewing all proposals regarding investments, dispositions, financings and other relevant transactions (strategic transactions) (b) To make recommendations on any other matters to the Board; (c) To review and monitor approved strategic transactions or other matters; (d) Ensuring that the REIT is managed in accordance with: • its investment objectives; • its Restated Deed; • its Prospectus; • the SC Guidelines and other securities laws; and • the internal investment restrictions and policies. (e) Carrying out other duties as may be determined from time to time by the Board. No BIC Members Date of Meetings 15 Feb 2023 18 May 2023 16 Aug 2023 19 Sep 2023 (Special) 1 Dato’ Wan Kamaruzaman bin Wan Ahmad 2 Shamsul Anuar bin Abdul Majid 3 Abdullah bin Abu Samah 4 Ng Yan Chuan 16 Nov 2023
RkJQdWJsaXNoZXIy NDgzMzc=