Al-'Aqar Healthcare REIT (5116)

Overview

Founded on 10 August, 2006, Al-`Aqar has established itself as a prominent player on the Bursa Malaysia, beginning with a modest collection of six properties and evolving into a powerhouse with a portfolio of 24 diversified properties. Specializing in the healthcare sector, it boasts a major concentration of assets in this field. Managed by Damansara REIT Managers Sdn Berhad (DRMSB), a wholly-owned subsidiary of Johor Corporation, and backed by the reputable KPJ Healthcare Berhad, Al-`Aqar stands as a testament to strategic growth and sector dominance. As of 31 December 2023, Al-`Aqar has achieved impressive financial milestones with properties valued at RM1.64 billion and a market capitalization of RM1.04 billion, underlining its significance in the real estate investment trust (REIT) market.

Products and Services

• Hospitals

Focused primarily on healthcare, Al-`Aqar owns 17 hospitals. These facilities underscore the company's commitment to enhancing the healthcare infrastructure, contributing significantly to its portfolio's value and societal wellbeing.

• Wellness/Health Centers

With a portfolio that includes four wellness/health centers, Al-`Aqar caters to the growing demand for preventive healthcare and wellness services, marking its foray into this lucrative segment and reflecting its dedication to public health promotion.

• Colleges

In its diverse portfolio, Al-`Aqar includes two colleges, demonstrating its investment in the education sector, particularly focusing on healthcare education. This strategic move supports the broader healthcare ecosystem by ensuring a steady pipeline of qualified professionals.

• Aged Care Facility

Expanding its reach into the aged care sector, Al-`Aqar owns an aged care facility. This inclusion in its portfolio highlights the company's response to the demographic shift towards an aging population and its commitment to providing compassionate and comprehensive care for the elderly.