Urusharta Jamaah (UJ) is responsible for rehabilitating, restructuring and monetising the assets transferred to UJ whilst ensuring the timely redemption of Sukuk Murabahah to Lembaga Tabung Haji (LTH). We strive to alleviate and minimise the financial commitment of the Government.
Without the transferral of underperforming assets to UJ, LTH will continue to be exposed to market risks and fair value losses that limits its ability to generate competitive return to their stakeholders.
To facilitate the rescue plan, 3 Asset Transfer Agreements took place between UJ and LTH. This rescue plan enabled UJ to take over underperforming assets and allowed LTH to deal expeditiously in terms of its financial standing.
UJ is actively rehabilitating and restructuring our portfolio of assets. We aim to cultivate resilient investments that will enable us to uplift our overall portfolio.
Market Value of Properties
under Management as at
31 December 2020
Equities Market Value as at
31 December 2021
Assets Transfer Value
Managing more than 25 properties nationwide
UJ aims to build a diversified portfolio of investments that can weather evolving market conditions and continuously generate sustainable returns by enhancing its net asset value.
Since the transfer of assets in 2018, UJ has implemented several initiatives and plans to build a more resilient portfolio such as:
The Company’s 10-Year Strategic Plan was developed to deliver on the mandate entrusted to UJ by the Government. In that respect, five (5) strategic thrusts were introduced to drive the business, namely the Defensive Strategy, Optimisation of Returns, Annual Redemption, Monetisation of Assets and Exit Strategy.
Furthermore, we developed our very own strategic framework, coined G.O.L.F, which was established as the Company’s compass to guide our Strategic Companies towards improved profitability and marketability.