Lembaga Tabung Haji fund for prop acquisition at RM3.5b

Lembaga Tabung Haji (LTH), which is in the middle of finalising its first commercial property acquisition in London, still has RM3.5 billion cash to acquire more property.

Datuk Ismee Ismail, Group Managing Director/Chief Executive Officer of LTH, said only half of the RM7 billion fund has been used for the acquisition of real estate in Malaysia and overseas.

He said the RM7 billion fund accounted for 20 percent of LTH’S RM35 billion total fund.

“I think we are still under-invested. The investment in real estate has not touched RM7 billion. Our focus firstly will be on properties in Malaysia, which we have started doing that for the past three years,” Ismee said.

He added that the remaining fund may not be used up this year despite the availability of viable properties to acquire.

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