Sabana REIT's property near Serangoon, New Tech Park. (Photo: REITsWeek)

Sabana REIT will make a formal announcement on its Shari’ah compliance status at the REIT’s upcoming annual general meeting (AGM).

The AGM was supposed to have been conducted on 22 April but has since been delayed due to the ‘circuit breaker’ measures that have been enacted to stem the spread of COVID-19.

This AGM will now be held by end-June 2020, said Donald Han, CEO of the REIT’s manager, in an interview with REITsWeek on 30 April.

Sabana REIT is the first, and currently only Shari’ah-compliant REIT in Singapore.

While the date for the AGM has yet to be finalised, Han has dropped several hints on the direction that Sabana REIT will be taking with regards to Shari’ah compliance.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.