KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB) has announced the issuance of 400 million new units of Amanah Hartanah Bumiputra (AHB) for subscription by bumiputra investors, raising the fund’s total units to 5.4 billion.
PHB said the additional units reaffirmed its commitment to expanding opportunities for bumiputra to gain beneficial ownership of quality commercial properties through investments in strategically located commercial real estate assets nationwide.
The latest issuance marks AHB’s sixth expansion since its establishment in 2010, when the fund had an initial size of one billion units.
“The latest issuance is supported by value injections from two PHB assets, the recently acquired Aurelius Hospital in Alor Setar, Kedah, and the revaluation of the Maersk logistics building in Shah Alam,” it said in a statement.
AHB, Malaysia’s first syariah-compliant property-based unit trust fund, is backed by a portfolio of prime commercial properties that generate rental income and provide sustainable returns to unitholders.
The minimum investment in AHB is RM100, while the maximum investment limit is RM1mil per individual.
The fund is managed by PHB Asset Management Bhd. — Bernama
