January 24, 2017 2:39 AM ET

Capital Markets

Company Overview of Amanah Raya Berhad

Company Overview

Amanah Raya Berhad provides trust, legacy management, and will-services in Malaysia. The company offers personal financial services, such as estate management and planning, estate administration, and trust account; and corporate trusteeship and custodianship services that support various Islamic and conventional financial instruments, including real estate investment trusts, corporate debt issues, structured products, employee stock option schemes, and escrow accounts, as well as unit trust, retirement, sinking, and corporate funds. Amanah Raya Berhad has strategic partnerships with Bank Islam Malaysia Berhad, Malaysia Building Society Berhad, Bank Persatuan Malaysia Berhad, SME Bank Berhad,...

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: 50
Head of Wang Menunggu Dituntut Department
Head of Kuching Branch
Head of Muar Branch
Compensation as of Fiscal Year 2016.

Amanah Raya Berhad Key Developments

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.

Amanahraya Real Estate Investment Trust Announces Material Litigation Update against Amanah Raya Berhad and CIMB Islamic Trustee Berhad

Standard Confectionary Sdn Bhd (Plaintiff) and High-5 Conglomerate Berhad (Plaintiff) v Amanah Raya Berhad (Defendant), CIMB Islamic Trustee Berhad (Trustee for ARREIT), Dato’ Tan Han Kook (Defendant) and Dato’ Ahmad Rodzi Pawanteh (Defendant). AmanahRaya-REIT Managers Sdn. Bhd, the Manager of Amanahraya Real Estate Investment Trust, announced that the High Court of Kuala Lumpur has delivered its judgment in relation to Counterclaim and granted the following orders in favour of the Trustee: a) Payment of the outstanding lease rental of MYR 608,000 per month commencing from 16.08.2013 until delivery of the vacant possession of the Property to the Trustee; b) Payment of ‘double rental’ of MYR 608,000 per month commencing from 16.08.2013 until delivery of the vacant possession of the Property to the Trustee; c) Interest at the rate of 3% p.a. on any sum assessed and awarded by the Court from the date the lease rental and/or ‘double rental’ becomes due and payable until 16.10.2014; d) A declaration that High-5 and/or persons claiming to have derived their rights from High-5 who are in occupation of the Property without the Trustee’s consent are in wrongful occupation of the Property; e) High-5 and/or its employees and/or its agents and any persons claiming to have derived their rights from High-5 and/or any persons who are in occupation of the Property without the Trustee’s consent, deliver vacant possession of the Property to the Trustee within 21 days from the date of service of the order; f) High-5 and/or its employees and/or its agents and any persons claiming to have derived their rights from High-5 and/or any persons who are in occupation of the Property without the Trustee’s consent, remove their belongings and/or cause the removal of their belongings from the Property within 21 days from the date of service of the order; g)The Trustee be allowed to place security guards at the Property immediately upon the Order herein; h) In the event of a failure to obey the orders under (e) and (f) above, the Trustee be given leave to re-enter the Property in order to lock up the Property without prejudice to the Trustee’s right to apply for writ of possession; i) Costs of MRR 25,000; j) Consequential relief for the payment of quit rent, assessment, general and fire insurance of the Property in arrears; and k) Interest at the rate of 5% p.a. on the sum assessed and awarded by the Court from the date of the filing of the Writ of Summons and Statement of Claim that is 17.10.2014 until the date of full and final settlement.

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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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