Maybank lowers Al-Salam REIT’s earnings estimate amid retail woes
The lack of visitors into Johor Bahru has severely impacted Al-Salam REIT’s flagship asset in the city, and this would…
Shari’ah REITs cleared to issue up to 263 million new units as expansion looms
Two Malaysia-listed Shari’ah compliant REITs have been cleared to issue about 263 million new units to investors.
Al-Salam REIT applies to list 116 million new units
Al-Salam REIT has formally applied to list 116 million new units on the Bursa Malaysia. The Johor Bahru-heavy REIT first…
Al-Salam REIT mulls placement options to fund acquisition of 22 properties
Al-Salam REIT could conduct the private placement of 116 million new units in multiple tranches instead of via a single…
Al-Salam REIT to acquire hypermarket property in Terengganu for MYR155 million
Malaysia-listed Al-Salam REIT announced on 3 October that it has entered into a conditional sale and purchase agreement with Mydin…
Malaysia to list MYR900 million Islamic REIT by 3Q 2015
Malaysia’s Johor Corporation (JCorp) will list an Islamic REIT with MYR900 million (SGD335 million) worth of assets by the third…