KLCC Stapled Group redesignates Annies Ariff as chairman

KLCC Stapled Group redesignates Annies Ariff as chairman

He succeeds Ahmad Nizam Salleh.

Annies Ariff has been redesignated as chairman of KLCC Property Holdings and KLCC REIT Management, effective Sept 1. (KLCC Property Holdings pic)
PETALING JAYA:
KLCC Stapled Group has appointed Annies Ariff as chairman of KLCC Property Holdings Bhd (KLCCP) and KLCC REIT Management Sdn Bhd (KLCCRM), effective Sept 1, succeeding Ahmad Nizam Salleh.

The group, comprising KLCCP and KLCC Real Estate Investment Trust (REIT), said in a Bursa Malaysia filing that Annies, 69, has been redesignated from his previous role as a non-independent non-executive director of KLCCP and KLCCRM.

Before this appointment, he was a non-executive director at KLCC (Holdings) Sdn Bhd, Bandar Malaysia Sdn Bhd, and Putrajaya Holdings Sdn Bhd.

“His extensive background includes serving as a non-executive chairman at Pembinaan BLT Sdn Bhd and holding several key positions within the public works department and the finance ministry,” said the group.

KLCC Stapled Group said Annies holds a professional engineering qualification from The Institution of Engineers, Malaysia, and is a registered professional engineer with the Board of Engineers Malaysia.

“His academic credentials, among others, include a bachelor of science from the University of Wales,” it added.

In a separate statement, the group reported a 5.67% increase in net profit to RM191.06 million for the second quarter ended June 30 (Q2 2024), up from RM180.8 million a year earlier.

“The retail property investment segment saw an 11.1% rise in pre-tax profit to RM108 million, thanks to upward rental revisions and improved occupancy,” the group said in a filing with Bursa Malaysia.

Revenue rose 4.7% to RM413.24 million from RM394.63 million in the same quarter last year,

KLCC Stapled Group said the group’s results reflect the acquisition of the remaining stake in Suria KLCC Sdn Bhd, with a 5.7% increase in profit attributable to equity holders to RM191.1 million during the quarter.

Suria KLCC became the group’s subsidiary on April 23.

For the first half ended June 30 (H1 2024), the group reported a net profit of RM379.09 million, up 4.9% from RM361.36 million in the same period last year.

Revenue increased by 6% to RM822.15 million from RM775.38 million previously.

The group declared a 9.2 sen dividend distribution per stapled security during Q2 2024, up from 9.8 sen in the same quarter last year.

“This brings the total dividend for 2024 to 18.2 sen compared to 17.3 sen a year earlier,” it added.

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