YEAR 2011

MIM & PHB Jointly Announce First Income Distribution for the AHB Fund – 14 Apr 2011
Posted April 14th, 2011 in Media Release 2011
Malaysia’s first of its kind Shariah-compliant real estate unit trust fund declares first payout

Kuala Lumpur, 14 April 2011 – Pelaburan Hartanah Berhad (“PHB”), a subsidiary of Yayasan Amanah Hartanah Bumiputera (“YAHB”) and Mayban Investment Management Sdn. Bhd. (“MIM”) today announced the first income distribution of 2.17 sen per unit for the Amanah Hartanah Bumiputera Unit Trust Fund (“AHB”) or (“the Fund”) for the period of approximately four (4) months ended 31 March 2011. This translates to an annualised income yield of 6.50 per cent which is benchmarked against the 12-month General Investment Account-1 of Maybank Islamic Berhad.

Since its launching on 29 November 2010 by the Prime Minister YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak, the one (1) billion AHB units have been fully subscribed in less than three (3) months. The income distribution will involve total payment of approximately RM19 million which will be directly credited into the unit holders’ bank account on 18 April 2011. Unit holders will be pleased to know that income derived from the fund is tax-exempted.

The financial year end for AHB is 30 September. AHB income distribution, if any, will be made on a six-monthly basis for periods ending 31 March and 30 September each year.

AHB is a fixed-price Shariah compliant real estate backed unit trust fund which enables Bumiputera investors to participate in the beneficial ownership of real estate assets with a minimum entry investment of RM 500, providing investors with a regular and consistent income stream. The income is secured through PHB’s strategic investments in prime commercial properties in the Klang Valley and the fund is made available for subscription at all Maybank branches nationwide.

In his statement, Managing Director (“MD”) and Chief Executive Officer (“CEO”) of MIM, Encik Nor’ Azamin Salleh, said that the one (1) billion AHB units sales which transacted at a fixed price of RM 1.00 per unit received an overwhelming response from investors throughout Malaysia which resulted in a sell out within three (3) months. It has also managed to garner approximately 60,000 account holders.

Encik Nor’ Azamin continued to comment “Selangor has the highest percentage of sales for the fund, which translated to 23.4 per cent of AHB’s total sales. This achievement is followed by the second highest sales in Federal Territory at 15.6 per cent. The sturdy nature of the fund’s underlying investments i.e. real estate backed assets have also been able to draw an encouraging response from the East Malaysian market, with Sarawak recorded an impressive third highest total sales of 10.5 per cent and Sabah at 8.5 per cent respectively.”

“The tremendous response from the AHB sales over the past four (4) months clearly indicates that it is a suitable investment tool which has met the demands and criteria of our targeted investors, the Bumiputeras. With today’s borderless financial and investment exposure, Bumiputeras are more savvy with the subject and are looking for high quality products to park their money. Therefore, the participation in the beneficial ownership of real estate assets, competitive returns, low minimum entry point, Shariah compliant and easy accessibility through Maybank branches nationwide have proven to be very attractive to the investors”, he said.

Datuk Kamalul Arifin Othman, MD and CEO of PHB said PHB is pleased to note that out of the total unit holders of AHB, almost 40,000 or 67 per cent of them are small investors investing in a range of RM500 to RM1,000. This indicated that the Fund is well received by the low to medium income bumiputera groups and therefore augur well with PHB’s objective of reaching the rakyat as a whole.

He commented, “In line with the national agenda to create and facilitate wealth creation opportunities for the Bumiputeras, PHB will continue to enhance and facilitate Bumiputera’s ownership particularly in prime commercial real estate in major cities and ensuring our portfolio will remain up-to-date by actively managing a dynamic mix of properties in prime area in Malaysia.”

PHB is set forth to expand the size of its AHB by the end of the year as part of its continuous efforts in promoting Bumiputera beneficial ownership of prime commercial real estate and enhancing the opportunities for their beneficial ownership in high value and strategically located prime commercial properties in major cities. Taking an enterprise approach in its expansion plans, PHB is looking to buy more completed and income-yielding assets, expand its landbank and venture into more property development projects. In line with the expansion of the fund, Datuk Kamalul Arifin added PHB would continue to source for new assets to be injected into AHB. “With asset procurement through acquisition of completed assets and property development, we will ensure continuous asset accumulation for PHB. The completed assets facilitate immediate injection into AHB, while the property development will ensure the fund will be able to meet its commitment to provide investors with good and consistent income streams,” added Datuk Kamalul Arifin.

Although the fund is fully subscribed, the public is encouraged to enquire with any Maybank branch for availability of units.

AHB is managed by MIM, sponsored by PHB while the trustee of the fund is AmanahRaya Trustees Berhad.

PHB Finalise Strategic Acquisition of DEMC Specialist Hospital to Add to Its List of Properties – 18 Oct 2011
Posted October 18th, 2011 in Media Release 2011

Kuala Lumpur, 18 October 2011 – Pelaburan Hartanah Berhad (“PHB”), a subsidiary of Yayasan Amanah Hartanah Bumiputera (“YAHB”) has added another completed property to its list of assets with the acquisition of DEMC Specialist Hospital (“DEMC”), a 9-storey specialist hospital located at Shah Alam, Selangor Darul Ehsan.

In completing the acquisition from DEMC Management Sdn Bhd (“the Vendor”), PHB has agreed to a payment consideration of RM87 million to the Vendor which is also the operator of the medical centre. DEMC has been in operation for an established period of 14 years and it offers a combined spectrum of primary care, specialist services and health wellness programme. Amongst the facilities are operating theaters, an intensive care unit, high dependency ward, Computerised Tomography (CT Scan) and Magnetic Resonance Imaging (MRI). Other amenities include cafeterias, therapeutic garden, convenience store, gift & florist shop, concierge, buggy and valet services. DEMC also has a modern and well equipped hall for public health programs to continuously educate the public with the latest medical updates.

While commenting on the acquisition, Datuk Kamalul Arifin Othman, Managing Director and Chief Executive Officer of PHB stated, “We believe that DEMC as a property will prove to be an important and valuable asset for PHB and is suitable to be injected into our Amanah Hartanah Bumiputera (“AHB”) unit trust fund. The property also offers good sectoral diversification to PHB’s property portfolio which currently comprise of office, retail and industrial”. With the acquisition of DEMC, PHB’s total gross rental income per annum is approximately RM106 million and the total values of completed assets is RM1.35 billion.

Currently, PHB owns seven other completed properties in prime commercial areas around Klang Valley making DEMC its eighth completed property and first medical facility. DEMC was built to target the middle-income group. After shifting into a new building in June 2010 which added its daily occupancy to 90%, DEMC has proven a promising record where the hospital’s annual revenue increased from RM37 million in 2009 to RM51 million last year. Earnings before interest and tax (EBIT) improved to 14.5% in 2010 (2009: 11.6%), representing 3% higher than industrial average. As recorded in first half of financial year 2011, DEMC recorded turnover at RM38 million with net profit margin at 9.0% (2010: 7.5%).

Dato’ Dr. Omar Abd Hamid, Chief Executive Officer and Executive Director of DEMC Management Sdn Bhd in his statement has said, “This sale and leaseback exercise is primarily for the expansion plan while at the same time we unlock value of the asset. Currently, DEMC Specialist Hospital has 130 beds. While we capture average occupancy of 90% at this juncture, DEMC is planning seriously to meet the increasing demand by having another block that provides 150 beds with varied specialist services in 3 years time”.

The strategic acquisition of DEMC by PHB was seen as timely as part of its continuous efforts in promoting Bumiputera beneficial ownership of prime commercial real estate in major cities. It also allows PHB to support the position of Bumiputera medical practitioners in private healthcare facilities through the exploration of DEMC’s success and tremendous track record.

Apart from DEMC, PHB’s other properties include Block D of Dataran PHB in Saujana Resort, Menara Bumiputra-Commerce in Jalan Raja Laut, CP Tower in Petaling Jaya, Wisma Consplant in Subang Jaya, Tesco Setia Alam, Menara Prisma in Putrajaya and Logistics Warehouse in Shah Alam. Last week, another milestone was created with the signing of an agreement between PHB and Gleneagles Kuala Lumpur involving the extension of the medical facility with a gross development cost estimated to be RM138 million.

Pelaburan Hartanah Berhad and Gleneagles Kuala Lumpur Inks Deal on Hospital’s Expansion – 13 Oct 2011
Posted October 13th, 2011 in Media Release 2011

Kuala Lumpur, 13 October 2011 – Pelaburan Hartanah Berhad (“PHB”), a subsidiary of Yayasan Amanah Hartanah Bumiputera (“YAHB”) and Gleneagles Hospital Kuala Lumpur (“Gleneagles Kuala Lumpur”) today signed an agreement for a property development project in Ampang.

The project involves the extension of Gleneagles Hospital Kuala Lumpur (“Gleneagles Kuala Lumpur”) covering a total gross floor area of approximately 300,000 sq ft. Targeted to be completed within three years and the gross development cost of the project estimated to be RM138 million, it will see a new 10-floor healthcare facilities being built with a lease period granted to Gleneagles Kuala Lumpur to occupy the same for 15 years with an option to renew for another 15 years. Other than healthcare facilities, there will also be hotel facilities and office building to be developed in the project.

“We identified the Gleneagles project as an ideal fit to add to our property development portfolio and we are very privileged to be involved in this project with Gleneagles which is known to have a long operating history with a fantastic track record. On the investment front, we foresee tremendous growth with this new venture. PHB is enthusiastic to significantly upgrade its list of assets and to help strengthen the beneficial ownership of prime commercial real estate among Bumiputeras” said Datuk Kamalul Arifin Othman, Managing Director and Chief Executive Officer of PHB.

Witnessing the signing ceremony, Alvin Lee Swee Hee, Chief Executive Officer – Malaysia Operations, Pantai Holdings Berhad said, “The Gleneagles Kuala Lumpur expansion is part of the strategic growth plan of the group which will include the development of new hospitals in Kota Kinabalu, Iskandar Region, Manjung and expansion of various existing hospitals within the next three years. This strategy is seen as vital to our continuing commitment to provide quality services to our patients and to maintain the group’s competitive edge in the hospital healthcare industry.“ Gleneagles Kuala Lumpur is one of the leading hospitals within the Pantai Group of Hospitals which includes two hospital brands, Pantai Hospitals and Gleneagles Hospitals in Malaysia.

Gleneagles Kuala Lumpur is well known as a centre of excellence and a leading private medical centre locally and internationally. Its commitment towards quality and best practices of healthcare services is acknowledged by the experts of the industry. The numerous accreditations and certifications from different organizations such as Joint Commission International (JCI) and Malaysia Society Quality Healthcare (MSQH) since its establishment is a testimony to Gleneagles’ achievement.

“Gleneagles Kuala Lumpur is among the most prominent hospitals in the region. This expansion will provide us with the capacity and positioning we need to keep up with an increased demand for services and the ability to continue providing quality care to our local, expatriate and international patients. Our expansion plan includes an increase of 100-bed capacity, 40 specialist clinics and other state-of-the-art facilities we need to fulfill our vital role as a tertiary care provider. With PHB’s recent success, we are confident the success of this expansion project,” said Amir Firdaus Abdullah, Regional Chief Executive Officer Gleneagles Hospitals.

This project is the first part of a two phase development project with total gross development value of approximately RM1 billion. The signing ceremony to build the healthcare facilities in phase one was held on 13 October 2011 which was represented by Datuk Kamalul Arifin Othman from PHB and Amir Firdaus Abdullah from Gleneagles Kuala Lumpur.

To further extend its portfolio and to ensure that the Amanah Hartanah Bumiputera (AHB) fund will be able to meet its commitment to provide investors with good and consistent income stream, PHB has actively and progressively ventured into property development and the acquisition of new properties in prime commercial areas in Malaysia. The signing of the agreement with Gleneagles Kuala Lumpur creates new economic opportunities for PHB which marks strategic business collaboration.

PHB and MIM Announce Payout Amounting to RM31 million to All AHB Unit Holders – 5 Oct 2011
Posted October 5th, 2011 in Media Release 2011

AHB’s second payout for the year in tune with Budget 2012 and proves the competitiveness of Malaysia’s first of its kind Shariah-compliant real- estate-backed unit trust fund

Kuala Lumpur, 5 October 2011 – Pelaburan Hartanah Berhad (“PHB”), as the Sponsor and Mayban Investment Management Sdn Bhd. (“MIM”), as the Manager today announced the second income distribution of 3.25 sen a unit for the Amanah Hartanah Bumiputera Unit Trust Fund (“AHB”) or (“the Fund”) for the period of six (6) months ended 30 September 2011. This translates to an annualised income yield of 6.5 per cent which is benchmarked against the 12-month General Investment Account-i of Maybank Islamic Berhad. The total dividend payout to all AHB unit holders for this second income distribution amounts to RM31 million.

With this, the total income distribution for the first financial year of ten-month period ended 30 September 2011 is 5.42 sen a unit equalling an annualized yield of 6.5%. The first income distribution of 2.17 sen a unit for the four-month period ended 31 March 2011 was made in April 2011. The income distribution will be directly credited into the unit holders’ bank account on 19 October 2011. Unit holders will be pleased to know that income derived from the Fund is tax-exempted.

In tune with the Budget 2012 which was presented today by the Prime Minister, YAB Datuk Seri Najib Tun Razak which took into account the interest of the rakyat either in rural or urban areas, to stimulate domestic spending, the income distribution to all AHB unit holders would also help to counter rising cost of living. Out of the total 60,000 unit holders of AHB, almost 40,000 or 67 per cent of them are small investors investing in a range of RM500 to RM1,000. This indicated that the Fund is well received by the low to medium income Bumiputera groups and therefore augur well with PHB’s objective of reaching the rakyat as a whole.

AHB is a RM1.00 a unit fixed-price Shariah compliant real-estate-backed unit trust fund which enables Bumiputera investors to participate in the beneficial ownership of real estate assets, providing investors with a regular and consistent income stream which is derived through PHB’s strategic investments in prime commercial properties in the Klang Valley. The Fund is made available for subscription at all Maybank branches nationwide.

The one (1) billion AHB units were fully subscribed in less than three (3) months after its launching by the Prime Minister YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak in November last year. However, the public is encouraged to enquire with any Maybank branch for availability of units, if any. The financial year end for AHB is 30 September. AHB income distribution, if any, will be made on a six-monthly basis for periods ending 31 March and 30 September each year.

Datuk Kamalul Arifin Othman, MD and CEO of PHB said, “We are very pleased to make this announcement which is in sync with Budget 2012. PHB’s main mission is to promote Bumiputera beneficial ownership of prime commercial real estate in major cities. To remain competitive, PHB is set forth to expand the size of the Fund, acquire more properties and participate in more development projects which would contribute to the income that will be received by the unit holders”.

AHB is managed by MIM, sponsored by PHB while the trustee of the Fund is AmanahRaya Trustees Berhad.

PHB Pays Corporate Visit to Patients at DEMC Specialist Hospital – 28 Dec 2011
Posted December 28th, 2011 in Media Release 2011

Shah Alam, 28 December 2011– In line with Pelaburan Hartanah Berhad’s (“PHB”) commitment to provide positive contribution to the community, the company organized a special visit to Pediatric, Medical and Surgical wards at the DEMC Specialist Hospital (“DEMC”).

The PHB delegation comprising its Senior Management, Management and Executive staffs successfully lifted the spirits of the ailing patients by distributing hampers and talking to them, creating moments of laughter and shared experiences. The visit was made even more memorable with the surprise presence of Yasmin Hani, Malaysia’s famous actress, personality and TV host.

Datuk Kamalul Arifin Othman, Managing Director and Chief Executive Officer of PHB said, “PHB continually seeks to reach out to all segments of the society and we aspire to maintain an effective two-way communication especially those that bring joy to the hearts of those in need and less fortunate”. He added, “It is my sincere hope that our presence and small contribution today will make a significant difference and eventually contribute to their healing process”.

“We appreciate PHB’s continued support of DEMC Specialist Hospital which is evident today through this visit,” said Dato’ Dr. Omar Abd Hamid, Chief Executive Officer and Executive Director of DEMC. “This noble endeavour represents both PHB and DEMC’s intention to ensure that we are making a difference for the well-being of our community”.

In October this year, PHB had signed a sale and purchase agreement to acquire DEMC, a 9-storey specialist hospital located in Shah Alam, Selangor Darul Ehsan, to become part of its property portfolio. DEMC has been in operation for more than 14 years and it offers a spectrum of primary care, specialist services and health wellness programme.

PHB Finalise Strategic Acquisition of DEMC Specialist Hospital to Add to Its List of Properties – 18 Oct 2011
Posted October 18th, 2011 in Media Release 2011

Kuala Lumpur, 18 October 2011 – Pelaburan Hartanah Berhad (“PHB”), a subsidiary of Yayasan Amanah Hartanah Bumiputera (“YAHB”) has added another completed property to its list of assets with the acquisition of DEMC Specialist Hospital (“DEMC”), a 9-storey specialist hospital located at Shah Alam, Selangor Darul Ehsan.

In completing the acquisition from DEMC Management Sdn Bhd (“the Vendor”), PHB has agreed to a payment consideration of RM87 million to the Vendor which is also the operator of the medical centre. DEMC has been in operation for an established period of 14 years and it offers a combined spectrum of primary care, specialist services and health wellness programme. Amongst the facilities are operating theaters, an intensive care unit, high dependency ward, Computerised Tomography (CT Scan) and Magnetic Resonance Imaging (MRI). Other amenities include cafeterias, therapeutic garden, convenience store, gift & florist shop, concierge, buggy and valet services. DEMC also has a modern and well equipped hall for public health programs to continuously educate the public with the latest medical updates.

While commenting on the acquisition, Datuk Kamalul Arifin Othman, Managing Director and Chief Executive Officer of PHB stated, “We believe that DEMC as a property will prove to be an important and valuable asset for PHB and is suitable to be injected into our Amanah Hartanah Bumiputera (“AHB”) unit trust fund. The property also offers good sectoral diversification to PHB’s property portfolio which currently comprise of office, retail and industrial”. With the acquisition of DEMC, PHB’s total gross rental income per annum is approximately RM106 million and the total values of completed assets is RM1.35 billion.

Currently, PHB owns seven other completed properties in prime commercial areas around Klang Valley making DEMC its eighth completed property and first medical facility. DEMC was built to target the middle-income group. After shifting into a new building in June 2010 which added its daily occupancy to 90%, DEMC has proven a promising record where the hospital’s annual revenue increased from RM37 million in 2009 to RM51 million last year. Earnings before interest and tax (EBIT) improved to 14.5% in 2010 (2009: 11.6%), representing 3% higher than industrial average. As recorded in first half of financial year 2011, DEMC recorded turnover at RM38 million with net profit margin at 9.0% (2010: 7.5%).

Dato’ Dr. Omar Abd Hamid, Chief Executive Officer and Executive Director of DEMC Management Sdn Bhd in his statement has said, “This sale and leaseback exercise is primarily for the expansion plan while at the same time we unlock value of the asset. Currently, DEMC Specialist Hospital has 130 beds. While we capture average occupancy of 90% at this juncture, DEMC is planning seriously to meet the increasing demand by having another block that provides 150 beds with varied specialist services in 3 years time”.

The strategic acquisition of DEMC by PHB was seen as timely as part of its continuous efforts in promoting Bumiputera beneficial ownership of prime commercial real estate in major cities. It also allows PHB to support the position of Bumiputera medical practitioners in private healthcare facilities through the exploration of DEMC’s success and tremendous track record.

Apart from DEMC, PHB’s other properties include Block D of Dataran PHB in Saujana Resort, Menara Bumiputra-Commerce in Jalan Raja Laut, CP Tower in Petaling Jaya, Wisma Consplant in Subang Jaya, Tesco Setia Alam, Menara Prisma in Putrajaya and Logistics Warehouse in Shah Alam. Last week, another milestone was created with the signing of an agreement between PHB and Gleneagles Kuala Lumpur involving the extension of the medical facility with a gross development cost estimated to be RM138 million.

Pelaburan Hartanah Berhad and Gleneagles Kuala Lumpur Inks Deal on Hospital’s Expansion – 13 Oct 2011
Posted October 13th, 2011 in Media Release 2011

Kuala Lumpur, 13 October 2011 – Pelaburan Hartanah Berhad (“PHB”), a subsidiary of Yayasan Amanah Hartanah Bumiputera (“YAHB”) and Gleneagles Hospital Kuala Lumpur (“Gleneagles Kuala Lumpur”) today signed an agreement for a property development project in Ampang.

The project involves the extension of Gleneagles Hospital Kuala Lumpur (“Gleneagles Kuala Lumpur”) covering a total gross floor area of approximately 300,000 sq ft. Targeted to be completed within three years and the gross development cost of the project estimated to be RM138 million, it will see a new 10-floor healthcare facilities being built with a lease period granted to Gleneagles Kuala Lumpur to occupy the same for 15 years with an option to renew for another 15 years. Other than healthcare facilities, there will also be hotel facilities and office building to be developed in the project.

“We identified the Gleneagles project as an ideal fit to add to our property development portfolio and we are very privileged to be involved in this project with Gleneagles which is known to have a long operating history with a fantastic track record. On the investment front, we foresee tremendous growth with this new venture. PHB is enthusiastic to significantly upgrade its list of assets and to help strengthen the beneficial ownership of prime commercial real estate among Bumiputeras” said Datuk Kamalul Arifin Othman, Managing Director and Chief Executive Officer of PHB.

Witnessing the signing ceremony, Alvin Lee Swee Hee, Chief Executive Officer – Malaysia Operations, Pantai Holdings Berhad said, “The Gleneagles Kuala Lumpur expansion is part of the strategic growth plan of the group which will include the development of new hospitals in Kota Kinabalu, Iskandar Region, Manjung and expansion of various existing hospitals within the next three years. This strategy is seen as vital to our continuing commitment to provide quality services to our patients and to maintain the group’s competitive edge in the hospital healthcare industry.“ Gleneagles Kuala Lumpur is one of the leading hospitals within the Pantai Group of Hospitals which includes two hospital brands, Pantai Hospitals and Gleneagles Hospitals in Malaysia.

Gleneagles Kuala Lumpur is well known as a centre of excellence and a leading private medical centre locally and internationally. Its commitment towards quality and best practices of healthcare services is acknowledged by the experts of the industry. The numerous accreditations and certifications from different organizations such as Joint Commission International (JCI) and Malaysia Society Quality Healthcare (MSQH) since its establishment is a testimony to Gleneagles’ achievement.

“Gleneagles Kuala Lumpur is among the most prominent hospitals in the region. This expansion will provide us with the capacity and positioning we need to keep up with an increased demand for services and the ability to continue providing quality care to our local, expatriate and international patients. Our expansion plan includes an increase of 100-bed capacity, 40 specialist clinics and other state-of-the-art facilities we need to fulfill our vital role as a tertiary care provider. With PHB’s recent success, we are confident the success of this expansion project,” said Amir Firdaus Abdullah, Regional Chief Executive Officer Gleneagles Hospitals.

This project is the first part of a two phase development project with total gross development value of approximately RM1 billion. The signing ceremony to build the healthcare facilities in phase one was held on 13 October 2011 which was represented by Datuk Kamalul Arifin Othman from PHB and Amir Firdaus Abdullah from Gleneagles Kuala Lumpur.

To further extend its portfolio and to ensure that the Amanah Hartanah Bumiputera (AHB) fund will be able to meet its commitment to provide investors with good and consistent income stream, PHB has actively and progressively ventured into property development and the acquisition of new properties in prime commercial areas in Malaysia. The signing of the agreement with Gleneagles Kuala Lumpur creates new economic opportunities for PHB which marks strategic business collaboration.

PHB and MIM Announce Payout Amounting to RM31 million to All AHB Unit Holders – 5 Oct 2011
Posted October 5th, 2011 in Media Release 2011

AHB’s second payout for the year in tune with Budget 2012 and proves the competitiveness of Malaysia’s first of its kind Shariah-compliant real- estate-backed unit trust fund

Kuala Lumpur, 5 October 2011 – Pelaburan Hartanah Berhad (“PHB”), as the Sponsor and Mayban Investment Management Sdn Bhd. (“MIM”), as the Manager today announced the second income distribution of 3.25 sen a unit for the Amanah Hartanah Bumiputera Unit Trust Fund (“AHB”) or (“the Fund”) for the period of six (6) months ended 30 September 2011. This translates to an annualised income yield of 6.5 per cent which is benchmarked against the 12-month General Investment Account-i of Maybank Islamic Berhad. The total dividend payout to all AHB unit holders for this second income distribution amounts to RM31 million.

With this, the total income distribution for the first financial year of ten-month period ended 30 September 2011 is 5.42 sen a unit equalling an annualized yield of 6.5%. The first income distribution of 2.17 sen a unit for the four-month period ended 31 March 2011 was made in April 2011. The income distribution will be directly credited into the unit holders’ bank account on 19 October 2011. Unit holders will be pleased to know that income derived from the Fund is tax-exempted.

In tune with the Budget 2012 which was presented today by the Prime Minister, YAB Datuk Seri Najib Tun Razak which took into account the interest of the rakyat either in rural or urban areas, to stimulate domestic spending, the income distribution to all AHB unit holders would also help to counter rising cost of living. Out of the total 60,000 unit holders of AHB, almost 40,000 or 67 per cent of them are small investors investing in a range of RM500 to RM1,000. This indicated that the Fund is well received by the low to medium income Bumiputera groups and therefore augur well with PHB’s objective of reaching the rakyat as a whole.

AHB is a RM1.00 a unit fixed-price Shariah compliant real-estate-backed unit trust fund which enables Bumiputera investors to participate in the beneficial ownership of real estate assets, providing investors with a regular and consistent income stream which is derived through PHB’s strategic investments in prime commercial properties in the Klang Valley. The Fund is made available for subscription at all Maybank branches nationwide.

The one (1) billion AHB units were fully subscribed in less than three (3) months after its launching by the Prime Minister YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak in November last year. However, the public is encouraged to enquire with any Maybank branch for availability of units, if any. The financial year end for AHB is 30 September. AHB income distribution, if any, will be made on a six-monthly basis for periods ending 31 March and 30 September each year.

Datuk Kamalul Arifin Othman, MD and CEO of PHB said, “We are very pleased to make this announcement which is in sync with Budget 2012. PHB’s main mission is to promote Bumiputera beneficial ownership of prime commercial real estate in major cities. To remain competitive, PHB is set forth to expand the size of the Fund, acquire more properties and participate in more development projects which would contribute to the income that will be received by the unit holders”.

AHB is managed by MIM, sponsored by PHB while the trustee of the Fund is AmanahRaya Trustees Berhad.

PHB Pays Corporate Visit to Patients at DEMC Specialist Hospital – 28 Dec 2011
Posted December 28th, 2011 in Media Release 2011

Shah Alam, 28 December 2011– In line with Pelaburan Hartanah Berhad’s (“PHB”) commitment to provide positive contribution to the community, the company organized a special visit to Pediatric, Medical and Surgical wards at the DEMC Specialist Hospital (“DEMC”).

The PHB delegation comprising its Senior Management, Management and Executive staffs successfully lifted the spirits of the ailing patients by distributing hampers and talking to them, creating moments of laughter and shared experiences. The visit was made even more memorable with the surprise presence of Yasmin Hani, Malaysia’s famous actress, personality and TV host.

Datuk Kamalul Arifin Othman, Managing Director and Chief Executive Officer of PHB said, “PHB continually seeks to reach out to all segments of the society and we aspire to maintain an effective two-way communication especially those that bring joy to the hearts of those in need and less fortunate”. He added, “It is my sincere hope that our presence and small contribution today will make a significant difference and eventually contribute to their healing process”.

“We appreciate PHB’s continued support of DEMC Specialist Hospital which is evident today through this visit,” said Dato’ Dr. Omar Abd Hamid, Chief Executive Officer and Executive Director of DEMC. “This noble endeavour represents both PHB and DEMC’s intention to ensure that we are making a difference for the well-being of our community”.

In October this year, PHB had signed a sale and purchase agreement to acquire DEMC, a 9-storey specialist hospital located in Shah Alam, Selangor Darul Ehsan, to become part of its property portfolio. DEMC has been in operation for more than 14 years and it offers a spectrum of primary care, specialist services and health wellness programme.