Page 58 - Mission Brief Qatar 2019 v2

No. Company Project Remarks

two residential towers, shareholders of
an office building with Jerantas Sdn Bhd
direct connectivity to the
Pavilion Kuala Lumpur
3. Asian AFB was established in Qatar Islamic Bank
Finance May 2006 with 4 bailed out from AFB in
Bank (AFB) shareholders: 2015 and focus on its
(now under business in the Middle
MBSB with 1. Qatar Islamic Bank East.
100% (60%);
Malaysian 2. RUSD Investment In February 2018,
equity) Bank (16.7%); Malaysia Building
3. Tadhamon Society Berhad
International Islamic (MBSB) has acquired
Bank (16.7%); and 100% shares in AFB
4. Financial Asset worth valued at
Bahrain (6.7%). RM644.95 million
4. Qatari Diar Moevenpick Resort & Total development
Spa in Chendering, cost: RM260 mil.
(50:50 joint Terengganu.
venture with Status of the project as
Eclipse On 1 April 2014, a 50:50 at to date:
Portfolio) joint venture between
Qatari Diar and Eclipse - Development is
Portfolio embarked on currently on hold
building a luxury with roughly 40%
beachside resort that completion of the
will be managed by project.
Moevenpick Resort &
Spa in Chendering, - Shareholders
Terengganu. negotiating way
forward and
The majority developer addressing matters
is Qatari Diar in of outstanding
partnership with liabilities to
Success Diar. contractors and
consultant.
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