News about AmanahRaya

AmanahRaya REIT has previously announced a decision to fully divest from the hospitality sector as part of ongoing initiatives to optimise its portfolio by acquiring high-yielding assets and divesting non-core assets.

Under the agreement, Malaysians with household incomes below RM5,000 who purchase Rumah Mesra Rakyat under the affordable housing programme of SPNB will automatically be offered with AmanahRaya's 'hibah' (gift) and will writing services as part of legacy planning for the homes purchased.

ARREIT said this follows the signing of a sale and purchase agreement with Plenitude's wholly-owned subsidiary Plenitude Gateway Sdn Bhd for the proposed disposal in June last year.

AmanahRaya REIT, which is expected to record a gain of RM45 million, said the proposed disposal is in line with the trust’s growth strategy to unlock and realise higher returns on its investments at a favourable price.

KUALA LUMPUR (June 10): Sime Darby Property Bhd’s foreign shareholding rose for the second consecutive month to 9.

KUALA LUMPUR (Sept 19): Permodalan Nasional Bhd (PNB) intends to take Amanah Harta Tanah PNB (AHP) private via a selective unit redemption (SUR) exercise, in which the minority unitholders will receive RM1 per unit.

KUALA LUMPUR (April 30): Amanahraya Real Estate Investment Trust announced the appointment of Abdul Aziz Abdul Rasheed as its new chief executive officer, effective today.

KUALA LUMPUR (Feb 1): AmanahRaya Real Estate Investment Trust (REIT)’s chief executive officer (CEO) Zalila Mohd Toon, 58, has resigned just after three months on the job.

KUALA LUMPUR (Feb 15): Amanahraya Real Estate Investment Trust (REIT)’s distribution per unit (DPU) for the fourth quarter ended Dec 31, 2017  (4QFY17) fell 5.

KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (REIT) has proposed to sell a piece of freehold land in Shah Alam to Nippon Express (M) Sdn Bhd for RM105 million.