YEAR 2022
PHB appoints Mohamad Damshal Awang Damit as Group Chief Executive Officer
Posted December 29th, 2022 in Media Release 2022
Press Release
For Immediate Release
PHB appoints Mohamad Damshal Awang Damit as Group Chief Executive Officer
Kuala Lumpur, 29 December 2022 - Pelaburan Hartanah Berhad (PHB) announces that Mohamad Damshal Awang Damit has been appointed as its new Group Chief Executive Officer. Mohamad Damshal, 53, will succeed Dato’ Mahmud Fauzi Muda who, on 31st December 2022, will be retiring from PHB upon expiry of his contract.
Dato’ Mahmud Fauzi, 58, joined the Company as Chief Operating Officer in January 2007 and he was promoted to Group CEO on 1st January 2019.
Mohamad Damshal has held various senior roles in investment management with major local investment institutions. He has wide experiences in Islamic finance and has held senior positions in several foreign investment companies. Until recently, he was the Chief Investment Officer of Lembaga Tabung Haji from January 2020 and later promoted to Executive Director (Investment) of Lembaga Tabung Haji in January 2021.
Mohamad Damshal holds Bachelor of Arts (Honours) in Accounting & Management Science from the University of Kent, Canterbury, UK and a Master of Business Administration from the University of Toledo, Ohio, USA. Professionally, he is also a Chartered Financial Analyst with CFA Institute, USA and a Certified Financial Planner with Financial Planning Association of Malaysia.
Meanwhile, PHB registered heartiest appreciation to Dato’ Mahmud Fauzi for his extraordinary contribution to the Company over the past 16 years as one of its founder employees.
PHB manages real estate unit trust investment, and it promotes Amanah Hartanah Bumiputera, a shariah-compliant unit trust scheme. PHB is a company under the purview of Jabatan Perdana Menteri.
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AHB Declares Income Distribution of 5% for the year 2022
Posted October 6th, 2022 in Media Release 2022
Press Release
For Immediate Release
AHB Declares Income Distribution of 5% for the year 2022
Kuala Lumpur, 6 October 2022 - Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn. Bhd. (MAM) have announced the final income distribution of Amanah Hartanah Bumiputera (AHB) of 2.50 sen per unit for the six-month period ended 30 September 2022. This consists of a basic income distribution of 2.18 sen per unit and a bonus distribution of 0.32 sen per unit. The bonus distribution of 0.32 sen is contributed by PHB, as sponsor of AHB. Bonus distribution is only limited to the first 500,000 units held by unit holders.
Earlier in April 2022, PHB and MAM had announced AHB interim income distribution of 2.15 sen a unit with a bonus distribution of 0.35 sen a unit for the six-month period ended 31 March 2022. This brings the total income distribution to 5.00 sen a unit or equivalent to 5% per annum with a total distribution of RM183.06 million for the 12-month period ended 30 September 2022.
The Group Managing Director of PHB, Dato’ Mahmud Fauzi Muda said, "Despite prevailing market challenges, leasing activities have gradually improved in 2022 compared to 2021.
Dato’ Mahmud Fauzi, added, “With this latest income distribution, AHB has paid out approximately RM1.87 billion in dividend incomes to its shareholders since 2011. PHB is the sole operating arm of Yayasan Amanah Hartanah Bumiputera, a trust institution under the purview of the Malaysian Government. AHB’s price is fixed at RM1 per unit, with enticing features such as instant withdrawal, Shariah-compliance and twice-a-year income distribution.”
Ahmed Muzni Mohamed, the MAM’s Chief Executive Officer, said, “As announced during the interim income distribution in April 2022, we will continue to implement the re-investment scheme, under which income will be distributed in the form of units and/or cash, primarily to retail unit holders. Retail unit holders with an average minimum monthly balance of 10,000 units or less will receive the income distribution in cash, while those with more than 10,000 units will receive the income distribution in AHB units. Institutional unit holders will continue to receive income distributions in cash."
He added, “Investors who receive income distribution in AHB units have the option of converting their AHB units into cash at bank branches as AHB allows instant withdrawals or redemptions.”
Meanwhile, Dato’ Mahmud Fauzi mentioned, “Towards the end of 2022, AHB will be launching its mobile application “MyAHB” for unit holders to monitor and manage their AHB investments from the comfort of their own homes. MyAHB mobile app allows unit holders to view their investment portfolio and account balance or subscribe to additional units or redeem their investments online. It can also track recent transactions and download account statements.”
He further said, “This app is introduced to enhance user experiences, speed and conveniences especially to the younger generation whom are familiar with the digital platform.”
The income distribution of AHB is tax-exempt and payable net of zakat. The cash income distribution will be credited directly into the unit holder’s bank account while unit income distribution will be credited into the unit holder’s AHB account on 14 October 2022.
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6 April 2022 AHB Declares 2.5 sen Interim Income Distribution for the Six-Months Ended 31 March 2022
AHB Declares 2.5 sen Interim Income Distribution for the Six-Months Ended 31 March 2022
Posted April 6th, 2022 in Media Release 2022
Press Release
For Immediate Release
AHB Declares 2.5 sen Interim Income Distribution for the Six-Months Ended 31 March 2022
Kuala Lumpur, 6 April 2022 - Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn. Bhd. (MAM) have announced the interim income distribution of Amanah Hartanah Bumiputera (AHB) of 2.50 sen per unit for the six-month period ended 31 March 2022.This consists of a basic income distribution of 2.15 sen per unit and a bonus distribution of 0.35 sen per unit. The bonus distribution is contributed by PHB, as the sponsor of AHB and is distributed for the first 500,000 units held by the unit holders.
The Group Managing Director of PHB, Dato’ Mahmud Fauzi Muda said, “The 2.50 sen a unit is marginally higher than last year’s 6 months interim distribution of 2.35 sen per unit which was paid in April 2021, reflecting a positive trend”. AHB distributes income twice a year and the final income distribution, if any, will be distributed in October 2022.
Meanwhile Ahmed Muzni Mohamed, the MAM’s Chief Executive Officer, said “As previously announced in October 2021, we are now ready to implement the re-investment scheme whereby the income distribution will be made in the form of units and/or cash, particularly to the retail unit holders. For this interim income distribution, retail unit holders having an average minimum monthly balance of 10,000 units and less, will receive the income distribution in cash while those having more than 10,000 units, will receive the income distribution in the form of AHB units. Institutional unit holders will continue to receive the income distribution in the form of cash”.
Ahmed Muzni further explained, “Investors can choose to convert their income distribution in AHB units into cash at bank branches as AHB permits instant withdrawals or redemptions”.
Dato’ Mahmud Fauzi further added “After a few years without issuance of new units, we plan to issue an additional 1 billion new AHB units in 2022. In 2021, PHB completed procurement of 3 additional new buildings valued at approximately RM1.33 billion. This comprises a private hospital, an office tower in Kuala Lumpur and a private college in Johor. While PHB currently owns 24 buildings, it is continuously seeking to increase ownerships in prime medical and industrial logistic buildings as well as new property assets categories such as data centres.”
Since 2011, AHB has paid out approximately RM1.7 billion in dividend incomes to its investors. PHB is the sole operating arm of Yayasan Amanah Hartanah Bumiputera, a trust institution under the purview of the Malaysian Government. AHB’s price is fixed at RM1 per unit, with enticing features such as instant withdrawal, Shariah-compliance and twice-a-year income distribution.”
The income distribution of AHB is tax-exempt and payable net of zakat. The cash income distribution will be credited directly into the unit holder’s bank account while units income distribution will be credited into the unit holder’s AHB account on 14 April 2022.
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