AmInvestment Bank & KFHMB lead arrange a Syndicated Ijarah Facility for Al-Aqar KPJ REIT
Mr Annis Sheikh Mohammad, Chief Officer, Corporate & Investment Banking, Kuwait Finance House (Malaysia) Berhad (left) exchanges documents with Y.Bhg Datoâ€™ Ahmad Rodzi Bin Pawanteh, Group Managing Director, Amanah Raya Berhad (right). Looking on are T.C. Kok, Managing Director, AmInvestment Bank Berhad (standing left) and Y.Bhg Datin Paduka Siti Saâ€™diah Sheikh Bakir, Director of Damansara REIT Managers Sdn Bhd, Manager of AL-â€˜Aqar KPJ REIT (lady in centre), Y.Bhg Datoâ€™ Azlan Hashim, De
AmInvestment Bank Berhad and Kuwait Finance House (Malaysia) Berhad today arranged a syndicated Ijarah facility of up to RM250 million with Al-Aqar KPJ REIT to signify embarking on the acquisition of nine real estate assets from all across Malaysia.
Al-Aqar KPJ REIT is the first listed Islamic REIT in the world and the first healthcare REIT in the Asia-Pacific region. Its investment strategies are to own and invest in real estate and real estate-related assets.
Present at the ceremony were the signatories Y.Bhg Dato Ahmad Rodzi Bin Pawanteh, Group Managing Director, Amanah Raya Berhad, T.C. Kok, Managing Director, AmInvestment Bank Berhad, and Encik Annis Sheikh Mohamed, Chief Officer of Corporate and Investment Banking, Kuwait Finance House (Malaysia) Berhad (KFHMB),witnessed by Y.Bhg Datin Paduka Siti Sadiah Sheikh Bakir, Director of Damansara REIT Managers Sdn Bhd, Manager of AL-Aqar KPJ REIT, Y.Bhg Dato Azlan Hashim, Deputy Chairman, AMMB Holdings Berhad and Y. Bhg Dato K. Salman Younis, Managing Director, KFHMB. Also in attendance during the signing ceremony was Tuan Haji Yusaini Bin Sidek, Executive Director of Damansara REIT Managers Sdn Bhd.
Dato Azlan Hashim, said, We are honored to be working once again with Al-Aqar KPJ REIT. At its launch in 2006, AmInvestment Bank Berhad was the Lead Adviser, Managing Underwriter and Sole Placement Agent. This landmark transaction created history as a world first and went on to win several awards, namely the I-REIT Deal of the Year award in Islamic Finance News inaugural Deals of the Year 2006.
For the REITs fund raising exercise, AmInvestment Bank was the Principal Adviser and Lead Arranger for Al-Aqar Capital Sdn Bhds Sukuk Ijarah Programme of up to RM300.0 million. This deal won the Most Innovative Deal from Euromoney Islamic Finance Awards 2008, the Real Estate Deal of the Year in the Islamic Finance News Deals of the Year 2008 and the Best Islamic REIT Deal in Southeast Asia in the inaugural Alpha Southeast Asia Deal Awards 2007.
We are proud to continue pioneering best-of-class solutions and at the same time incorporate customisation for the unique needs of our clients. We look forward to widening and deepening access to Islamic finance solutions for our clients both local and regional.
Y.Bhg Dato Salman Younis, during his address commented, Islamic REITs have established themselves as an alternative asset class, and have gained world-wide acceptance, especially amongst global Islamic investors. In this regard, Kuwait Finance House Malaysia is proud to be associated with Al-Aqar KPJ REIT, the worlds first listed Islamic REIT and the first healthcare REIT in Asia-Pacific.
KFH as a Group has extensive experience and many proven successes in facilitating various organisations in the healthcare industry within Malaysia, the Asia- Pacific region as well in the Middle East. One of our most notable achievements in healthcare is Al-Salam International Hospital in Kuwait, which is 52% owned by KFH. In addition, some of our deals in the healthcare industry include investment care centers in India, diagnostic and primary healthcare in Singapore and disposable medical devices in Malaysia.
He further added, I am optimistic that with the seal of this transaction, we will have a greater understanding of our respective strengths, be able to further develop stronger relationships between intermediaries and investors and create more cross border opportunities between Malaysia and the GCC which will translate into greater strength and growth of the respective capital markets.
The current participating financiers for the Syndicate Ijarah Facility are AmIslamic Bank Berhad and Kuwait Finance House (Malaysia) Berhad.
About AmInvestment Bank Group
AmInvestment Bank Berhad is a member of AmInvestment Bank Group, one of Malaysias leading investment banking groups. The Group has an enviable track record of over 30 years of experience, innovation, and market leadership, and has won an impressive stable of awards from the international financial press and major rating agencies. The Group provides a full range of investment banking related services that include corporate finance, debt markets and structured finance, Islamic markets, equity markets and derivatives, treasury and derivatives, stock and futures broking, funds management, trustee services, private equity, and private banking. In the debt capital markets, AmInvestment Bank Group has been consistently recognised as a leading bond house with recent awards including Best Islamic Financing Deal of the Year in South East Asia (Second Alpha Southeast Asia Awards 2008), Most Outstanding Islamic Banking (KLIFF Islamic Finance Awards 2007) and Best Bond House (both Asiamoney Domestic Bank Awards 2005 and FinanceAsia Country Awards 2005).
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