ALSREIT (5269) Stock Overview

Al-Salam Real Estate Investment Trust (“Al-Salam REIT”) is a Shariah-compliant fund that invests in diversified Shariah-compliant properties. Al-Salam REIT was listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) on 29 September 2015. The market capitalisation of Al-Salam REIT stood at RM214.6 million as of 31 December 2022. Al-Salam REIT portfolio began with 21 properties and has grown to 54 properties comprising 3 retail malls, an office building, 43 F&B restaurants, 6 industrial buildings and a college, with a combined property value of RM1.22 billion as at 31 December 2022. The properties are strategically located throughout Malaysia. The Manager of Al-Salam REIT, Damansara REIT Managers Sdn Berhad (“DRMSB” or the “Manager”), is a subsidiary of Johor Corporation (“JCorp”). DRMSB is licenced to manage Islamic REITs under the Capital Markets and Services Act 2007.