KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), has appointed Zainal Iskandar Ismail as a non-independent non-executive director effective immediately.
Iskandar, 50, brings over 20 years of business experience across various industries and has expertise in corporate development, governance and financial restructuring.
He currently holds positions as chairman of PKEINPK Properties Sdn Bhd, managing partner of Heureka Capital Partners and board member of Perbadanan Ekonomi Islam Perak.
Iskandar was the group chief executive officer and executive director of Perk Corporation Bhd, where he successfully returned the Practice Note 17 company to profitability in 2022.
"Iskandar's appointment is a testament to our effort to continuously strengthen the Reit's governance and enhance the board's expertise, which are critical in steering Hektar Reit into a stronger position moving forward.
"His in-depth experience in corporate development and investments will contribute immensely in Hektar REIT's growth pursuits to double the portfolio size and increase the Reit's market capitalisation," the company said in a statement.