Datuk Sr Mohd Salem Kailany
PETALING JAYA: KLCC Real Estate Investment Trust (KLCC-REIT) chief executive (CEO) Datuk Md Shah Mahmood will step down effective Nov 1, as well as from his position as executive director.
The 55-year-old will be replaced by Datuk Mohd Salem Kailany, also 55. Md Shah will be redesignated as non-independent director, according to the trust’s filing with Bursa Malaysia.
Mohd Salem is currently president and CEO of UDA Holdings Bhd, the urban development arm of the government that was established in 1971.
Prior to that, he was CEO of PNB Development Sdn Bhd, before holding the post of executive director at Ian Scott International (M) Sdn Bhd.
For the half-year ended June 30, KLCC- REIT posted a net profit of RM379mil, a 4.9% year-on-year increase from the corresponding period of 2023, as income also improved to 6% RM822mil.
