SDP, Logos SE achieve syariah fund’s RM1bil target at closing

PETALING JAYA: The Sime Darby Property Bhd (SDP) and Logos SE Asia Pte Ltd joint venture (SDPLOG) has reached its target of RM1bil with the closing of its Industrial Development Fund.

In a statement, SDP said the RM1bil syariah-compliant fund consists of five other limited partners, including local institutional investors such as Permodalan Nasional Bhd via unit trust funds under its management, Kumpulan Wang Persaraan (Diperbadankan), alongside Great Eastern Life Assurance (M) Bhd and sophisticated investors through TA Islamic Private Investment Fund.