Widad buys into company with RM861m concession for UiTM campus


Widad Group also has a comprehensive maintenance contract for the Istana Negara.

KUALA LUMPUR: Widad Group Bhd is buying Serendah Heights Sdn Bhd whose unit YBK Usahasama Sdn Bhd has a concession with the government and Universiti Teknoloji MARA (ÜiTM) to develop the facilities and maintain the UiTM campus in Jasin, Melaka.

According to Widad, Serendah Heights owns 100% of YBK which has a remaining concession of 14 years ending 2034, totalling RM861.60mil.

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