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Saturday, April 14, 2012

Tabung Haji to invest RM975m in UK property

KUALA LUMPUR: Tabung Haji expects to make at least one investment amounting to £200mil (RM975mil) in a commercial property in the United Kingdom this year.

Its managing director and chief executive officer, Datuk Ismee Ismail, said the property had been identified for investment from a study carried out since 2008.

Among the considerations taken in the study included the adherence to syariah principles.

“We had to be careful as we needed to study each of the tenant company occupying the property and ensure their compliance with syariah,” he told reporters after signing the Malaysian Corporate Integrity Pledge here yesterday, along with his senior management, CEOs of subsidiary companies and 450 members.

Tabung Haji yesterday became the first government-linked investment company to have taken the corporate integrity pledge in order to bring up further its corporate governance, accountability and culture of transparency.

By Bernama

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