5 Interactive Distance Learning Programs on Islamic Banking and Finance

Saturday, March 28, 2009

Takaful disposing KL property to Exim Bank

PETALING JAYA: Islamic insurance company Syarikat Takaful Malaysia Bhd is disposing an 18-storey building in downtown Kuala Lumpur to Export-Import Bank of Malaysia Bhd (Exim Bank) for RM63 million.

In an announcement to Bursa Malaysia Friday, Takaful Malaysia said the sale would unlock gains of RM543,000 and allow the company to focus on its principal activities of managing family and general takaful businesses.

According to details in the announcement, the 20-year old building has a total lettable area of 99,021 sq ft and is almost fully occupied.

The current monthly rental income is RM386,176 or an average rental rate of RM3.92 per sq ft.


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