KUALA LUMPUR (Oct 17): Pelaburan Hartanah Bhd (PHB) has announced the issuance of an additional one billion units under the Amanah Hartanah Bumiputera (AHB) Scheme for public subscription.

The additional units for the Shariah-compliant real estate unit trust fund are from PHB’s recent asset injections, namely KPJ Damansara 2 Specialist Hospital here, Marlborough College in Johor, and the revaluation of buildings, including Menara 1 Sentrum in Kuala Lumpur, Wisma Consplant in Subang Jaya and Maersk Warehouse, previously known as LF Logistic Warehouse, in Shah Alam.

This is the fifth additional issuance since AHB’s establishment in 2010, taking accumulated units to five billion, said PHB in a statement on Tuesday (Oct 17).

“These additional funds would also afford bumiputeras the opportunity to save and invest, especially as part of their retirement plan, as the nation’s economy recovers post-pandemic,” said PHB, which currently has assets worth approximately RM11 billion.

The assets owned by PHB include Menara Conlay in Kuala Lumpur, Menara Prisma in Putrajaya, Avisena Specialist Hospital in Shah Alam, and NU Sentral Shopping Centre, Menara 1 Sentrum and Gleneagles Hospital Block B in Kuala Lumpur.

PHB said this initiative under AHB is in line with the government’s effort to encourage Malaysians, especially bumiputeras, to reorganise and better manage their savings and finances in preparation for future financial emergencies or crises.

PHB’s chairman Tan Sri Ahmad Nizam Salleh said management’s aspiration of supporting the nation’s bumiputera agenda will be further advanced by providing more effective investment opportunities and ensuring a more sustainable and competitive returns from the nation’s equitable distribution of wealth.

“PHB also fully supports the unity government's call to encourage the people, especially youths, to plan and manage their finances in preparation for their golden years,” he said.

Those interested in subscribing to AHB units can visit any of PHB’s authorised distributors across Malaysia such as Maybank, AmBank, AmBank Islamic and Bank Islam. The minimum investment required is RM100 for each individual while the maximum investment limit is RM500,000.

PHB is a real estate investment holding company and a subsidiary of Yayasan Amanah Hartanah Bumiputera, which is chaired by Prime Minister Datuk Seri Anwar Ibrahim.