PHB Offering 300 Mln AHB Units For Subscription

KUALA TERENGGANU, June 21 (Bernama) -- Pelaburan Hartanah Bhd (PHB) is offering 300 million Amanah Hartanah Bumiputera (AHB) units for public subscription, providing Bumiputera investors a low-risk investment opportunity backed by real estate assets.

The AHB units provide an excellent opportunity, particularly for Bumiputera in the East Coast, to make AHB their main investment and savings instrument, said PHB group managing director and chief executive officer, Mohamad Damshal Awang Damit.

He added that interested individuals may subscribe to AHB units through PHB’s authorised distributors nationwide, including Maybank, AmBank, AmBank Islamic, and Bank Islam branches, or via the MyAHB Portal.

“These 300 million units are existing units that we are reopening to individuals. Our focus is on individual investors, with priority given to the people of Terengganu.

“To-date, AHB has attracted 82,000 individual investors and around 19 institutional investors. Since its launch in 2010, a total of RM2.32 billion in income has been distributed to AHB investors,” he told reporters after the opening ceremony of the Mayang Mall shopping centre here today.

The event was officiated by the Sultan of Terengganu, Sultan Mizan Zainal Abidin, and attended by PHB chairman Raja Tan Sri Arshad Raja Tun Uda.

AHB is a Shariah-compliant unit trust fund that invests directly in selected commercial properties in Malaysia, with the aim of providing Bumiputera investors with a stable and consistent income.

The minimum investment is set at RM100, while the maximum limit is RM1 million, and the income distributions are done biannually.

— BERNAMA