September 24, 2017 12:46 PM ET

Capital Markets

Company Overview of Amanah Raya Berhad

Company Overview

Amanah Raya Berhad, a trustee company, provides legacy management solutions in Malaysia. It offers will services, trust administration, and estate administration services; and corporate trustee, asset management, and real estate investment services. Amanah Raya Berhad was formerly known as Department of Public Trustee and Official Administrator and changed its name to Amanah Raya Berhad in August 1995. Amanah Raya Berhad was founded in 1921 and is based in Kuala Lumpur, Malaysia. It has branches in Shah Alam, Bangi, Seremban, Johor Bahru, Muar, Melaka, Kota Bharu, Kuala Terengganu, Kuantan, Temerloh, Perak, Pulau Pinang, Alor Setar, Sungai Petani, Kangar, Sabah, and Sarawak, Malaysia.

Ground Floor

Wisma AmanahRaya

No 2, Jalan Ampang

Kuala Lumpur,  50508

Malaysia

Founded in 1921

Phone:

60 3 2055 7388

Fax:

60 3 2031 4545

Key Executives for Amanah Raya Berhad

Group Chief Financial Officer and Head of Group Finance & Accounts Department
Chief Operating Officer
Age: 51
Head of Product Development Department
Head of Sarawak Branch
Head of Special Project Department
Age: 69
Compensation as of Fiscal Year 2017.

Amanah Raya Berhad Key Developments

AmanahRaya REIT Seeks Acquisitions

AmanahRaya Real Estate Investment Trust (KLSE:ARREIT) is seeking acquisitions. “AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market”, said Adenan Md Yusof, Managing Director of Amanah Raya Berhad. “We are looking at one commercial property (an office tower) in Kuala Lumpur which is valued at about MYR 350 million to MYR 370 million, and are in negotiating terms with the party. We hope to close the deal by the second quarter of 2017 and complete the acquisition by year-end. We are seriously hoping to seal the deal (for the acquisition of the office tower). We are always on the lookout for new buildings to acquire, but the returns will have to be lucrative for the REIT,” Adenan said.

AmanahRaya Real Estate Investment Trust and Amanah Raya Group Announces Resignation of Datuk Johar Che Mat from Their Boards

On August 1, 2016, AmanahRaya Real Estate Investment Trust announced the resignation of Datuk Johar Che Mat as Non-Independent and Non-Executive Director. The reason of resignation was Datuk has resigned as Director of Amanah Raya Group.

Amanah Raya Berhad Announces Board Changes

Amanah Raya Berhad announced that Tan Sri Sabbaruddin appointed as chairman of the company, effective January 8, 2016. Sabbaruddin replaces Satuk Seri Reezal Merican Naina Merican.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 19, 2016
AmanahRaya-REIT Managers Sdn Bhd.
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