Syed Mohamed resigns as Encorp chairman

File pic of Datuk Syed Mohamed Syed Ibrahim

KUALA LUMPUR: Datuk Syed Mohamed Syed Ibrahim has resigned as chairman of property development and construction company Encorp Bhd with effect on Monday.

According to a filing to Bursa Malaysia, Syed Mohamed, 59, had resigned due to personal reasons.

Federal Land Development Authority owns a 70.82% stake in Encorp.

Syed Mohamed is currently the executive director of Iskandar Waterfront Holdings Sdn Bhd. 

He is presently the chairman of Felda Investment Corporation Sdn Bhd and Prasarana Integrated Development Sdn Bhd. 

He was also a director of I & P Group Sdn Berhad and currently a director of Yayasan Sultan Ibrahim Johor and Tunku Laksamana Johor Cancer Foundation.

He started his working career in the banking industry namely Bank Bumiputera (M) Bhd and Bank Rakyat. 

Later he joined the Johor State Economic Development Corporation where he served from 1989 to 1993. 

The filing showed he had his first stint in property business with Advance Development Sdn Bhd, a unit of Kulim (M) Bhd. 

His previous roles include leadership positions in property segments of DRB-Hicom, TH Properties, Knowledge Economic City (Madinah, Saudi Arabia) and Sime Darby Group. 

He was also the president and CEO of Iskandar Investment Bhd from 2010 till 2016.