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    DBHD   MYL3484OO002

DAMANSARA HOLDINGS BERHAD

(DBHD)
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DAMANSARA HOLDINGS ANNOUNCES APPOINTMENT OF NEW CHAIRMAN, BOARD OF DIRECTORS AND REDESIGNATION OF GCEO AS GMD

11/09/2021 | 06:33am EST

PRESS RELEASE

FOR IMMEDIATE RELEASE

DAMANSARA HOLDINGS ANNOUNCES APPOINTMENT OF NEW CHAIRMAN, BOARD

OF DIRECTORS AND REDESIGNATION OF GCEO AS GMD

KUALA LUMPUR, 9 NOVEMBER 2021 - Damansara Holdings Berhad (DBhd) today announced the appointment of Datuk Nor Azri Zulfakar as the new Non-IndependentNon-Executive Chairman, and the redesignation of Muaazam Mahmud from Group Chief Executive Officer (GCEO) to Group Managing Director (GMD), following the resignation of Dato' Ahmad Zahri Jamil and Azman Tambi Chik to pursue other interests.

DBhd also welcomed the appointment of three (3) new Non-IndependentNon-Executive Directors last month, namely Datuk Sr. Akmal Ahmad, Shamsul Anuar Abdul Majid, and Hazman Hilmi Sallahuddin.

The new line-up of DBhd's Boardroom consists of a total of seven (7) members and will be led by Datuk Nor Azri.

"On behalf of the Company, I would like to extend our warm welcome to the new Chairman and Board Members. It is indeed a privilege for us to have prominent key individuals and leaders on board, who collectively bring a wealth of experience in their respective areas of expertise. On behalf of the management team, we look forward to working together to propel DBhd's growth and momentum, as we continue our transformation journey," said Muaazam Mahmud.

Meanwhile, the Group also announced the resignation of Dato' Mohd Aisom Omar as the Independent Non-Executive Director, effective 9 November 2021 due to other work commitment.

"I would also like to extend my sincerest appreciation to Dato' Ahmad Zahri, Azman, and Dato' Mohd Aisom for their contribution and dedication to the company during their tenure," Muaazam added.

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About Damansara Holdings Berhad

Damansara Holdings Berhad (DBhd) or the Group is an investment holding company that was established in 1960 and was listed in Main Board of Bursa Malaysia in 1973. DBhd is involved in three major business segments; Property and Land Development (PLD), Integrated Facilities Management (IFM), Project Management and Consultancy (PMC) Services. The Group has its international presence spread across countries includes Singapore and Philippines. For more information, please visit http://www.dbhd.com.myor email corporateinfo@dbhd.com.my

Disclaimer

Damansara Realty Bhd published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 11:32:07 UTC.


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Financials
Sales 2021 204 M 48,3 M 48,3 M
Net income 2021 -40,2 M -9,54 M -9,54 M
Net Debt 2021 19,9 M 4,73 M 4,73 M
P/E ratio 2021 -2,72x
Yield 2021 -
Capitalization 159 M 37,6 M 37,7 M
EV / Sales 2020 0,90x
EV / Sales 2021 0,64x
Nbr of Employees -
Free-Float 13,0%
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Managers and Directors
Muaazam bin Mahmud Group Chief Executive Officer & Director
Zain Azrai bin Zainuddin Group Chief Financial Officer
Nor Azri bin Zulfakar Non-Executive Chairman
Azhari bin Abdul Hamid Group Chief Operations Officer
Shahrizam bin A. Shukor Independent Non-Executive Director