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Al-Salam REIT to buy 22 properties for RM115m, seeks to raise RM60m via placement

Al-Salam REIT to buy 22 properties for RM115m, seeks to raise RM60m via placement

KUALA LUMPUR (Dec 4): Al-Salam Real Estate Investment Trust (Al-Salam REIT) is acquiring 22 properties located across Malaysia for a combined RM115 million in a related party transaction.

The properties are in Penang, Perak, Selangor, Kuala Lumpur, Negeri Sembilan, Melaka, Johor, Sabah and Sarawak.

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