Ahmad Nizam appointed chairman of KLCC Stapled Group

KUALA LUMPUR (Dec 21): Chairman of national oil firm Petroliam Nasional Bhd (Petronas) Datuk Ahmad Nizam Salleh (pictured) has been appointed the non-independent non-executive chairman of KLCC Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) Ahmad Nizam, 62, was appointed to chair Petronas on Aug 2, 2018.

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MREITs may acquire more assets this year

MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).

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