JCorp to list RM900mil Islamic REIT in 3rd quarter


PUTRAJAYA: Johor Corp (JCorp) plans to list its RM900mil Islamic real estate investment trust (REIT), Al-Salam, on the Main Market of Bursa Malaysia in the third quarter of this year.

JCorp president/chief executive officer Datuk Kamaruzzaman Abu Kassim said the initial portfolio of Al-Salam would include 31 assets to be acquired from Damansara Assets Sdn Bhd (DASB) and QSR Brands (M) Holdings Sdn Bhd.

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