PHB aims to increase overall assets to RM25bil by 2030

KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB) aims to increase its overall assets to RM25 billion by 2030 from RM11 billion currently.

Chairman Tan Sri Ahmad Nizam Salleh said to achieve the goal, PHB has, among others, formulated a Business Transformation Plan this year with a primary focus on four critical aspects.

“(These four aspects are) diversifying the portfolio, strengthening governance, enhancing risk management efficiency and improving human capital capabilities.

“This transformation aims to enhance the company’s performance and ensure the sustainability of its business,” he said at the launch of an additional one billion units of the Amanah Hartanah Bumiputera (AHB) Scheme here today.

The event was officiated by Prime Minister Datuk Seri Anwar Ibrahim.

In his speech, the prime minister agreed to increase the individual investment limit for the fund to RM1 million from RM500,000 previously.

Ahmad Nizam said the issuance of one billion additional units for the AHB Scheme to be offered for public subscription reaffirmed PHB’s commitment to offer more Bumiputera the opportunity to gain beneficial ownership in real estate in prime locations across Malaysia.

He said the additional units are from PHB’s recent asset injections, namely KPJ Damansara 2 Specialist Hospital in Kuala Lumpur, Marlborough College in Iskandar Puteri and the revaluation of buildings, namely Menara 1 Sentrum in Kuala Lumpur, Wisma Consplant in Subang Jaya and Maersk Warehouse, previously known as LF Logistic Warehouse, in Shah Alam.

Ahmad Nizam said these additional funds would also afford Bumiputera the opportunity to save and invest, especially as part of their retirement plan, as the nation’s economy recovers post-pandemic.

“To date, AHB shareholders consist of 75,000 individual investors and 16 Bumiputera investment institutions.

“With the launch of the additional units today, the total trust units of AHB will amount to five billion units,” he said.

For 2024, he said PHB aspires to ensure that investment opportunities become more accessible to retail investors and low-income Bumiputera groups.

“PHB is also introducing various new programmes to encourage the younger generation to manage their finances systematically for a more organised future through the Amanah Saham Hartanah Bumiputera,” he added. – BK