The Board of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust announced that the Board has intensified the search for a new Chief Executive Officer. With the resignation of current CEO and Executive Director Kevin Xayaraj effective on 31 December 2017, the Board will oversee a smooth transition. As part of its ongoing efforts to enhance the Board, the Manager last month appointed a new Independent, Non- Executive Director, Mr. Tan Wee Peng Kelvin.

An additional candidate for Independent, Non-Executive Director has also been identified to join as a third independent non-executive director and audit committee member. The Board will seek regulatory approval for this candidate shortly.