DBHD Company Analysis

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VISION
To Become the Preferred Assets and
MISSION
Synergising Property and Land
Facilities Management Development, Integrated Facilities
Solutions Provider Management and Project Management
Consultancy Services towards Innovative
and Effective Solutions
CORE VALUES
Flexible with Integrity Transparent with Clarity United with Synergy

cover rationale
In the year 2019, we have made concerted effort to enhance

business processes and operations throughout the Group.
While we are proud to be where we are today, we acknowledge
that there is still more to be done.
Driven by a winning mindset and a disciplined approach in

achieving operational excellence, DBhd will continue to
embrace the concept of Industry 4.0 while we expand our
horizon towards a sustainable future.
01
CHAPTER /
THE
COMPANY
Corporate Information 10
Corporate Structure 11
Group Financial Highlights 12
Awards and Recognition 2019 14
Media Milestones 15
Key Highlights 16
Board of Directors’ Profile 20
Key Senior Managements’ Profile 27
Group Management 38
The Twenty Nineteen

C O N
02 03
CHAPTER /
CHAPTER /
CORPORATE CORPORATE
STATEMENTS GOVERNANCE
Chairman’s Statement 42 Corporate Governance

Management Overview Statement 64
Discussion & Analysis 46 Audit Committee Report 67
Sustainability Statement 53 Statement on Risk Management
and Internal Control 71
Statement on Directors’
Responsibility 77
Recurrent Related Party Transactions 78
Additional Compliance Information 79
58 th
Annual General Meeting of
Damansara Realty Berhad
Grand Ballroom, Level 1

Forest City Phoenix International Golf Hotel
Jalan Persiaran 5, Forest City Golf Resort
81550 Gelang Patah, Johor, Malaysia
26 August 2020
Wednesday
11:30 a.m.
2019
T E N T S
04 05
CHAPTER /
CHAPTER /
FINANCIAL OTHER
STATEMENTS INFORMATION
Directors’ Report 82 List of Properties held by the Group 163

Statement by Directors 86 Shareholdings Statistics 165
Statutory Declaration 86 Shareholdings Statistics - Warrant 168
Independent Auditors’ Report 87 Notice of Annual General Meeting 171
Statement of Comprehensive Income 92 Statement Accompanying the
Statement of Financial Position 93 Notice of Annual General Meeting 176
Statement of Changes in Equity 95
Statement of Cash Flows 98 Proxy Form
Notes to the Financial Statements 100
At a
Glance
DBhd has committed time and resources to adopt various
solutions in becoming a technology-driven company. Despite
the continuous challenges we face in the market and
economic environment, DBhd saw an increase in Net Profit by
16.6% to RM22.79 million compared to last year’s performance
We are determined to deliver maximum value to all our stakeholders whilst building on the skills and capacity of our employees
PROFITABILITY
Net Profit Profit Before Tax

95%
RM
22.79 million
RM
25.59 million
Combined
Take-up Rate
for Aliff Square 1 & 2
+RM
40.7 million
>RM
210,000 Revenue
per staff
EBITDA
VS 2018
06
VALUE
RM
3.5billion
>
500 Acres
290
>RM
million
worth of property undeveloped worth of annual
development projects landbank In Kuantan revenue
and
Johor Bahru
Operating and
>
55,000 Maintaining a
Parking Bays
operated 1,544
room accommodation
facility at the HIVE in RAPID
Pengerang, Johor
SERVICES
EMPLOYEES
OUR PRESENCE
>
35
Years Experience
1,379
Permanent and Malaysia
in construction Contract
management, project employees
planning, and consultant
management Singapore
303
Philippines
Executives
Papua New
28 Guinea
Service Offerings
across various
industries
856
Non-Executives
07
01
ENHANCING CAPABILITIES,
POISED FOR THE FUTURE
The ability to adapt and evolve through
a changing marketplace will ensure our
resiliency to sustain our foothold in the
industry. We are focuSsed on combining our
vast expertise and diverse strength to
build scalable capabilities throughout the
organisation.
THE COMPANY
Corporate Information 10
Corporate Structure 11
Group Financial Highlights 12
Awards and Recognition 2019 14
Media Milestones 15
Key Highlights 16
Board of Directors’ Profile 20
Key Senior Managements’ Profile 27
Group Management 38
DAMANSARA REALTY BERHAD
ANNUAL REPORT 2019
Corporate
Information &
Structure
BOARD OF DIRECTORS RISK MANAGEMENT STOCK EXCHANGE
DATO’ AHMAD ZAHRI BIN JAMIL COMMITTEE LISTING
Independent Non-Executive Chairman
DATO’ MOHD AISOM BIN OMAR MAIN MARKET OF BURSA
HAJI ABDULLAH BIN MD YUSOF (Chairman) MALAYSIA SECURITIES BERHAD
Executive Vice Chairman Stock Code : 3484
SHAHRIZAM BIN A SHUKOR Stock Name : DBHD
AZHARI BIN ABDUL HAMID (Member)
Group Executive Director
DATO’ MOHD AISOM BIN OMAR

VINIE CHONG PUI LING
(Member)
AUDITORS
Independent Non-Executive Director MESSRS. JAMAL, AMIN &
PARTNERS
SHAHRIZAM BIN A SHUKOR
Independent Non-Executive Director
COMPANY SECRETARY (AF 1067)
No. 60-2B, 2nd Floor, Jalan 2/23A
WAN RAZMAH BINTI Off Jalan Genting Klang
VINIE CHONG PUI LING WAN ABD RAHMAN Taman Danau Kota
Independent Non-Executive Director (MAICSA 7021383) Setapak
(SSM Practising Certificate 53300 Kuala Lumpur
No. 202008002111) T : 03 - 41421626
AUDIT COMMITTEE F : 03 - 41421601
E : jap@jamalamin.com.my
(Chairman)
REGISTERED OFFICE
Lot 10.3, Level 10
DATO’ MOHD AISOM BIN OMAR Wisma Chase Perdana PRINCIPAL BANKER
(Member) Off Jalan Semantan
Damansara Heights CIMB BANK BERHAD
VINIE CHONG PUI LING 50490 Kuala Lumpur
(Member) T : 03 - 20812688
F : 03 - 20812690
WEBSITE ADDRESS
NOMINATION & REMUNERATION E : corporateinfo@dbhd.com.my www.dbhd.com.my
COMMITTEE
DATO’ AHMAD ZAHRI BIN JAMIL
SHARE REGISTRAR
(Chairman) TRICOR INVESTOR & ISSUING
HOUSE SERVICES SDN. BHD.
DATO’ MOHD AISOM BIN OMAR [197101000970 (11324-H)]
(Member)
Unit 32-01, Level 32, Tower A
VINIE CHONG PUI LING Vertical Business Suite
(Member) Avenue 3, Bangsar South
No. 8 Jalan Kerinchi
59200 Kuala Lumpur
T : 03 - 27839299
F : 03 - 27839222
E : is.enquiry@my.tricorglobal.com
10
THE Corporate Corporate Group Financial Awards and
COMPANY Information Structure Highlights Recognitions 2019

CORPORATE STRUCTURE
WHOLLY-OWNED
SUBSIDIARIES 100
•
•
•
amansara Technology Sdn. Bhd.
D
Damansara Galaxy Sdn. Bhd.
Damansara Realty ( Johor) Sdn. Bhd.
%
•
•
•
Damansara PMC Services Sdn. Bhd.
Harta Facilities Management Sdn. Bhd.
JOLS Construction Sdn. Bhd.
• Damansara Realty (Terengganu) Sdn. Bhd. • Kesang Equipment Hire Sdn. Bhd. **
• Damansara Realty (Negeri Sembilan) • Kesang Industries Sdn. Bhd. *
Sdn. Bhd. (formerly known as Kesang • Kesang Properties Sdn. Bhd.
Construction & Engineering Sdn. Bhd.) • Kesang Trading Sdn. Bhd.
• Damansara Prospects Sdn. Bhd. • Metro Equipment Systems (M) Sdn. Bhd. *
• Damansara Realty Construction • Metro Parking (M) Sdn. Bhd.
Sdn. Bhd. ** • Metro Parking (Sabah) Sdn. Bhd.
• Damansara Realty Land Sdn. Bhd. ** • S mart Parking Management
• Damansara Realty Management Systems Sdn. Bhd.
(Timber Operations) Sdn. Bhd. • Tebing Aur Sdn. Bhd.
• Damansara Realty Management • TMR ACMV Services Sdn. Bhd.
Services Sdn. Bhd. • TMR Koll Sdn. Bhd.
• Damansara Realty Properties Sdn. Bhd. ** • M.N. Koll (M) Sdn. Bhd.
• Damansara Pulse Sdn. Bhd. • TMR Urusharta (M) Sdn. Bhd.
(formerly known as Damansara Urban
Sdn. Bhd.)
• DAC Land Sdn. Bhd.
95%
• Kesang Kastory Enterprise
85%
• HC Duraclean Sdn. Bhd.
80%
• Damansara Realty
Sdn. Bhd. (Pahang) Sdn. Bhd.
SUBSIDIARIES
70%
• Kesang Quarry Sdn. Bhd.
55%
• Pedas Quarry Sdn. Bhd.
51%
• DHealthcare Centre Sdn. Bhd.
• TMR LC Services Sdn. Bhd.
Overseas
100%
• Metro Parking (B) Sdn. Bhd.
70%
• Metro Parking (S) Pte. Ltd.
55%
• Metro Parking (HK) Limited **
• Metro Parking Services (India)
Companies Pvt. Ltd. **
• Metro Parking Management
(Philippines), Inc.
• HTS International Ltd.
ASSOCIATED
COMPANIES
45%
• H
ealthcare Technical
30%
• DAC Properties Sdn. Bhd.
* Under members’
voluntary liquidation
Services (PNG) Limited ** Struck off
11
ANNUAL REPORT 2019
Group
Financial
Highlights
2017 2018 2019
RM’000 RM’000 RM’000
Revenue 249,742 304,125 293,459
Profit Before Tax 19,128 26,116 25,592
Net Profit 17,857 19,541 22,794
Share Capital 155,341 159,341 159,341
Shareholders Fund 147,403 170,178 188,983
Group Earning Per Share (Sen) 5.48 6.01 7.25
Net Asset Per Share (Sen) 50.17 54.91 60.73
Total Assets 316,726 332,961 423,467
Net Assets 155,719 174,829 193,350
Total No. of Shares 310,371 318,371 318,371
2017 2018 2019 2017 2018 2019 2017 2018 2019

304,125
26,116
25,592
293,459
22,794
19,541
19,128
249,742
17,857
Revenue (RM’000) Profit Net

Before Tax (RM’000) Profit (RM’000)
12
THE Corporate Corporate Group Financial Awards and
COMPANY Information Structure Highlights Recognition 2019
Shareholders
188,983
170,178
Fund
147,403
(RM’000)
2017 2018 2019
193,350
Net 174,829
Assets
155,719
(RM’000)
2017 2018 2019
Group Earnings
7.25
Per Share
6.01
5.48
(Sen)
2017 2018 2019

60.73
Net Assets
54.91
Per Share
50.17
(Sen)
2017 2018 2019
13
ANNUAL REPORT 2019
Awards &
Recognition 2019
FOCUSED
RECOGNITION FOCUSED FOCUSED FOCUSED
RECOGNITION RECOGNITION RECOGNITION
PETRONAS Cultural Beliefs

PETRONAS Cultural Beliefs PETRONAS Cultural Beliefs PETRONAS Cultural Beliefs
With appreciation from

PETRONAS Refinery & Petrochemical Corporation With appreciation from With appreciation from With appreciation from
PETRONAS Refinery & Petrochemical Corporation PETRONAS Refinery & Petrochemical Corporation PETRONAS Refinery & Petrochemical Corporation
10 PETRONAS
FOCUSED RECOGNITION
AWARDS BY
FOCUSED
FOCUSED FOCUSED FOCUSED RECOGNITION
RECOGNITION RECOGNITION RECOGNITION

PETRONAS Cultural Beliefs PETRONAS Cultural Beliefs
With appreciation from

With appreciation from With appreciation from With appreciation from PETRONAS Refinery & Petrochemical Corporation
PETRONAS Refinery & Petrochemical Corporation PETRONAS Refinery & Petrochemical Corporation PETRONAS Refinery & Petrochemical Corporation
FOCUSED FOCUSED
RECOGNITION RECOGNITION
PETRONAS Cultural Beliefs PETRONAS Cultural Beliefs
With appreciation from With appreciation from

PETRONAS Refinery & Petrochemical Corporation PETRONAS Refinery & Petrochemical Corporation
14
THE Awards and Media Key Board of
COMPANY Recognition 2019 Milestones Highlights Directors’ Profile
Media
Milestones
15
ANNUAL REPORT 2019
Key
Highlights
JAN • M
etro Information System (MIS) Team won the
Grand Prize of FPX and Win Campaign worth
RM20,000
• The launch of DBhd Staff app
2019
FEB • DBhd Group Town Hall 01/2019

• Metro Parking Malaysia secured a
new contract with Menara UMW
2019
MAR • HC Duraclean secured a new contract on

general cleaning services and washroom hygiene
products at Phase 2C Annexes Building,
2019 Bangunan Dato’ Jaafar Muhammad (BDJM)

• Group Legal Division and Group Contract Advisory & Risk
Management Division won the Construction and Heavy
Industries In-House Team of the Year at Asian Legal Business
(ALB) Malaysia Law Awards 2019 and was also shortlisted
in ALB South East Asia Law Awards 2019 and In-House
Community Counsels of the Year Awards 2019
• P articipated in the Malaysia International Halal Showcase 2019 at
APR MITEC
• TMR Urusharta secured a new contract from Malaysia Airports
Sepang Sdn. Bhd. on cleaning and related services at Kuala Lumpur
2019 International Airport worth over RM990,000
• DBhd Group Bowling Challenge 2019 team building activity
• Elman bin Mustafa El Bakri certified as a Professional Technologist
(Ts.) at Damansara Realty Berhad by the Malaysia Board of
Technologists (MBOT)
• DBhd The Biggest Loser Competition team building activity
MAY • Establishment of the Group Contract Advisory &

Risk Management Division
• Establishment of Damansara Technology Sdn. Bhd.
2019 • TMR Urusharta bagged a new contract from Malaysia Marine
& Heavy Engineering for site toilet cleaning at MMHE Yard,
Pasir Gudang, Johor
16
THE Awards and Media Key Board of
COMPANY Recognition 2019 Milestones Highlights Directors’ Profile
JUN • Secured a mixed development project in

Sendayan, Negeri Sembilan with Menteri
Besar Negeri Sembilan Inc worth more
than RM770 million GDV
2019 • DBhd Melaka Culinary Challenge 2019
team building activity
• DBhd Group Annual Raya Dinner 2019
• Metro Parking secured a new
JUL • Metro Parking Philippines

contract with Stadthuys, Malacca
awarded a contract to
construct & manage Steel
Deck Parking Facility and the
2019 Renewal of Parking Contracts
in Southern Manila,
Philippines worth
RM62 million
AUG • TMR Urusharta received a contract extension for

security management services at RAPID,
Pengerang worth over RM3 million
• DBhd Group Badminton Challenge 2019 team
2019 building activity
SEP • HC Duraclean received a contract extension for

Cleaning Services at Health Department of
Federal Territory Kuala Lumpur & Putrajaya
2019 worth over RM7 million

• DBhd Culinaire Malaysia 2019 Competition team
building activity
OCT • DBhd Group Town Hall 02/2019

• Group Town Hall Singapore
• Thank Your Cleaner Day 2019 by
2019 Kärcher Malaysia
NOV • Group Town Hall Philippines

• Group Strategy Retreat
• DBhd awarded the MBOT Most
2019 Supportive Industry Award
DEC • The Groundbreaking Ceremony and the

Launch of Business Boulevard @
Central Park, Johor Bahru
• Metro Parking Singapore secured a new

2019 contract to operate at the basement carpark
at Anchorpoint Shopping Centre, Singapore
17
ANNUAL REPORT 2019
Board
of
Directors
HAJI ABDULLAH DATO’ AHMAD ZAHRI AZHARI

BIN MD YUSOF BIN JAMIL BIN ABDUL
HAMID
Executive Vice Chairman Chairman Group
Independent Non-Executive Executive Director
18
THE Board of Key Senior Group
COMPANY Directors’ Profile Managements’ Profile Management
SHAHRIZAM VINIE CHONG WAN RAZMAH DATO’ MOHD AISOM

BIN A SHUKOR PUI LING BINTI WAN ABD BIN OMAR
RAHMAN
Independent Independent Company Secretary Independent
Non-Executive Director Non-Executive Director Non-Executive Director
19
ANNUAL REPORT 2019
Board of
Directors’
Profile
Age : 71
DATO’ AHMAD ZAHRI BIN JAMIL Gender : Male
Independent Non-Executive Chairman
Board Committee Memberships

Malaysian
• Nomination and Remuneration Committee (Chairman)
• Tender Committee (Chairman)
Academic / Professional Qualification:

Bachelor of Arts (History), University of Malaya, Malaysia
Date of Appointment / Working Experience:

Dato’ Ahmad Zahri was appointed to the Board of DBhd as an
Independent Non-Executive Chairman on 22 August 2014. Prior to this,
he was a Director of Johor Corporation ( JCorp) from 2009 to 2013 and
served as a Director of Yayasan Pelajaran Johor from 2004 to 2013. He
was also the Chairman of the Executive Committee for Housing, Local
Government and Public Amenities of the State of Johor from 2008
to 2013. He was also the State Assemblyman of Sri Medan and Parit
Sulong, in Batu Pahat, Johor from 1999 to 2013. DATO’ AHMAD ZAHRI
He started his career in the Johor Civil Service by holding a post at
the Batu Pahat Land Office from 1973 to 1974. He later progressed to BIN JAMIL
the Segamat Land Office from 1974 until 1977. From 1977 to 1982,
he served at the Office of the Commissioner of Land and Mines, Johor.
Thereafter, he was the Private Secretary to the then Menteri Besar of
Johor from 1982 to 1986, and subsequently, he was appointed as the
Political Secretary at the Prime Minister Office from 1986 to 1987.
Directorship(s):
Listed Companies: Nil
Other Public Companies: Nil
Family relationship with any director and/or major

shareholder: Nil
Interest in the Company:
He holds 20,000 units of ordinary shares in DBhd
Board Meeting Attendance in 2019:

He attended four (4) out of five (5) Board Meetings held in FY2019
Length of Service:
5 years 7 months (as at 30 April 2020)
Date of Last Re-election:

24 May 2017
Convictions for Offences within Past Five (5) Years:

Nil
20
Age : 53
HAJI ABDULLAH BIN MD YUSOF
Executive Vice Chairman Gender : Male
Board Committee Membership:
• Tender Committee
Malaysian
• Bachelor of Arts in History (Hons), University of Malaya, Malaysia

Haji Abdullah was appointed to the Board of DBhd on 6 June 2014 until
his re-designation as an Executive Vice Chairman on 18 March 2020.
As the Executive Vice Chairman of the Group, Haji Abdullah oversees,
direct and monitors the operations and strategic directions of the Group.
He is the Chairman of Polytax and Accounting Services, a company

which provides Company Secretarial and Business Consultancy services
since 2004. He also served as a Member of Majlis Bandaraya, Johor
Bahru from year 2007 to 2014, and reappointed in year 2016 up to
2018.
In 2015, he was appointed as the Executive Chairman of Pandan

Uptown Sdn. Bhd. He has been actively involved in community service
as the Ketua Penerangan Majlis / Vice President Gabungan NGO Melayu HAJI ABDULLAH
Negeri Johor (GABUNG) and as Yang DiPertua (YDP) Persatuan Penjaja,
Peniaga dan Pengusaha Industri Kecil Melayu, Johor Bahru since year
2002 and 2011, respectively.
BIN MD YUSOF
Directorship(s):

shareholder:
Nil

Nil

He attended all five (5) Board Meetings held in the FY2019
Length of Service:

19 June 2019

Nil
21
ANNUAL REPORT 2019
Board of Directors’ Profile (cont’d)
AZHARI BIN ABDUL HAMID

Age : 54
Group Executive Director Gender : Male
• Tender Committee Malaysian
• Bachelor of Economics (Hons), University of Malaya, Malaysia
• British Institute of Cleaning Science, United Kingdom

Azhari was appointed as the Group Executive Director of DBhd on 2 July
2018. Prior to that he was the Managing Director of HC Duraclean Sdn.
Bhd. (HCD), a subsidiary of DBhd from 1998 to July 2018.
He began his career with JCorp since 1989 and was appointed to several
key positions in JCorp and its subsidiaries. He was seconded to Harta
Consult Sdn. Bhd., a subsidiary of JCorp from 1991 until 1996. Due to
his excellent service and contribution, he was promoted as the General
Manager of Johor Franchise Development Sdn. Bhd., a subsidiary of
JCorp in 1997. During his career, he has been awarded by JCorp as
‘Intrapreneur of the Year’ and ‘Outstanding CSR Award’ in 2005/2006.
He was also awarded with ‘Distinguished Achievement Award 2000’

from International Franchise Association (USA). His achievement has
been recognised by the Malaysian Franchise Association for Master
Franchise of the Year in 2005.
He also holds directorships in DBhd Group of Companies. AZHARI

Directorship(s):
Listed Companies: Nil BIN ABDUL HAMID

shareholder:
Nil

He holds 291,854 ordinary shares or 15% in HC Duraclean Sdn. Bhd.,
a subsidiary of DBhd

Length of Service:

19 June 2019

Nil
22
DATO’ MOHD AISOM BIN OMAR

Age : 63
Independent Non-Executive Director Gender : Male
Board Committee Memberships
• Risk Management Committee (Chairman)
Malaysian
• Audit Committee
• Nomination and Remuneration Committee
• Tender Committee

• Bachelor of Law (LLB Hons), University of Malaya, Malaysia

Dato’ Mohd Aisom was appointed to the Board of DBhd on 15 December
2015. He started his career in 1983 as a Legal Assistant with Messrs Tahir
& Salleh in Johor Bahru. Subsequently, he ventured into the corporate
world to join Sri Tenaga Perunding Sdn. Bhd. as their General Manager,
Corporate and Legal Affairs in 1984, and later joined Astaka Group of
Companies as their Group General Manager, Legal Affairs.
Due to his high spirits and passion in legal practice, he joined Messrs
Zamani Ibrahim, Tarmizan & Co. as a Partner in June 2004. In 2005, he
set up his own legal practice through Messrs Omar Ismail & Co, which is
now known as Messrs Omar Ismail, Hazman & Co.
Directorship(s): DATO’ MOHD AISOM

Other Public Companies: Nil BIN OMAR
shareholder:
Nil

Nil

Length of Service:

27 June 2018
Convictions for Offences within the past five (5) years:

Nil
23
ANNUAL REPORT 2019
Age : 48
Gender : Male
Independent Non-Executive Director Malaysian
Board Committee Membership
• Audit Committee (Chairman)
• Risk Management Committee

• Bachelor of Accountancy (Hons), Universiti Putra Malaysia, Malaysia
• Member of the Malaysian Institute of Accountants (MIA)
• Associate Member of Certified Practising Accountants (CPA),
Australia

Shahrizam was appointed to the Board of DBhd on 15 December 2015.
He started his career in 1996 with Messrs Coopers & Lybrand, and
thereafter joined Messrs Azman, Wong Salleh & Co. until 2002, in the
areas of auditing and financial advisory. He then set up his own financial
advisory firm, known as Westland Consulting Sdn. Bhd..
Currently, he is the Chief Financial Officer of Seri Pacific Hotel

Corporation Sdn. Bhd. Prior to that, he was the Chief Financial Officer of
SHAHRIZAM
TH Travel & Services Sdn. Bhd., a wholly-owned subsidiary of Lembaga
Tabung Haji. With his vast experience in finance and accounting areas, BIN A SHUKOR
he has been appointed as an Independent Non-Executive Director of
Stella Holdings Berhad (formerly known as Merge Energy Berhad), a
strategic investment holding company since 6 May 2019. He is also a
Director of PDT Technique Sdn. Bhd., a subsidiary of Permodalan Darul
Ta’zim since 19 December 2019.
Directorship(s):
Listed Companies: Stella Holdings Berhad (formerly known as Merge
Energy Berhad) (appointed on 6 May 2019)
Family relationship with any director and/or major Length of Service:

shareholder: 4 years 3 months (as at 30 April 2020)
Nil
Interest in the Company: 27 June 2018
Nil
Convictions for Offences within the past five (5) years:
Board Meeting Attendance in 2019: Nil
24
VINIE CHONG PUI LING Age : 41

Independent Non-Executive Director
Gender : Female
•
•
Audit Committee
Nomination and Remuneration Committee
Malaysian
• Risk Management Committee

• Bachelor of Commerce, the University of Melbourne, Australia
• Victorian Certificate of Education (VCE), Australia
• A CFA Charterholder (Chartered Financial Analyst)
• Associate Member of Certified Practising Accountant (CPA), Australia
Date of Appointment / Working Experience :

Vinie was appointed to the Board of DBhd on 1 July 2018. She has
extensive experience in investment and fundraising exercises, which
have won numerous prestigious awards from the esteemed RAM Rating,
Euromoney, Triple A Asset Award, International Financing Review and
Alpha Southeast Asia for best transactions and innovation in finance.
She is currently the Group Chief Financial Officer of Cenergi SEA VINIE
Sdn. Bhd., a subsidiary of Khazanah Nasional Berhad which provides
sustainable and renewable energy solutions to reduce carbon emissions
across Southeast Asia.
CHONG
She started her career in 2001 with an asset management firm as an PUI LING
Executive in product development and marketing, and subsequently
joined a boutique financial advisory firm in 2003 as a Senior Financial
Analyst covering Malaysia and the Middle East regions. She later
joined Malaysia’s largest business process outsourcing firm, Efficient
E-Solutions Berhad Group in 2007 as a Manager in the CEO’s office in
Directorship(s):
charge of corporate finance, business advisory, investment and cross
functional initiatives.
She was appointed as the General Manager, Corporate Finance, Treasury
& Investor Relations at Malaysia Airports Holdings Berhad (MAHB) in
shareholder:
2014, overseeing the investment and finance strategy area, and was
Nil
instrumental in the mergers and acquisitions transactions which
propelled MAHB to the second largest listed airport group in the world Interest in the Company:
in 2015. She served as the Board member in two of MAHB’s investee Nil
companies in 2015 - Segi Astana Sdn. Bhd. which owns and operates the
shopping mall connected to klia2; and MFMA Development Sdn. Bhd. Board Meeting Attendance in 2019:
which operates the premium outlet park in Sepang. She subsequently She attended all five (5) Board Meetings held in the FY2019
joined Astro Malaysia Group as the Vice President of Strategy &
Length of Service:
Commercial, which she had led financial transformation and strategic
1 year 9 months (as at 30 April 2020)
repositioning of Astro’s production business as the largest production
house in the region. Date of Last Re-election:
19 June 2019
She was twice voted as the best investor relations professional in Asia
in the globally renowned Institutional Investor’s survey for the AllAsia Convictions for Offences within Past Five (5) Years:
Executive Team, for transportation and industrial sectors in 2013 and Nil
2015 respectively.
25
ANNUAL REPORT 2019
Age : 51
Gender : Female
Malaysian
WAN RAZMAH BINTI WAN ABD RAHMAN, ACIS
Company Secretary

• Chartered Secretary of the Institute of Chartered Secretaries and
Administrators (ICSA) United Kingdom
• Member of the Malaysian Institute of Chartered Secretaries and
Administrators (MAICSA)

Wan Razmah was appointed as the Company Secretary of DBhd on WAN RAZMAH
15 March 2017. Her career in public listed company began in 1996
when she joined Amcorp Properties Berhad as an Assistant Company BINTI WAN ABD
Secretary. In 2010, she joined Idaman Unggul Berhad as the Company
Secretary and Head of Human Resources. RAHMAN
In 2014, she joined Malaysia Airports Holdings Berhad (MAHB) as
Senior Manager, Company Secretarial Division and thereafter, in 2016,
she joined Tune Group Sdn. Bhd. as the Corporate Affairs Manager.
Directorship(s):

shareholder:
Nil

Nil

Nil
26
Key
Senior Managements’
Profile
HAJI ABDULLAH
BIN MD YUSOF
Executive Vice Chairman
For details of Haji Abdullah’s profile, please

refer to page 21 of this Annual Report.
27
ANNUAL REPORT 2019
Key Senior Managements’ Profile (cont’d)
AZHARI
BIN ABDUL HAMID
Group Executive Director
For details of Azhari’s profile, please

28
WAN RAZMAH BINTI

WAN ABD RAHMAN
Company Secretary
For details of Wan Razmah’s profile, please

29
ANNUAL REPORT 2019
ZAIN AZRAI BIN ZAINUDDIN

Group Chief Financial Officer
Age / Gender:
47 / Male
Nationality:
Malaysian

• Bachelor of Business (Accounting), Monash University, Melbourne,
Australia
• Member of Malaysian Institute of Accountants (MIA)
• Member of Certified Practicing Accountant (CPA), Australia

Zain was appointed as the Group Chief Financial Officer of DBhd on 1
September 2016. He has more than 20 years of experience in the field
of auditing, consultancy and finance. Prior to joining DBhd, he was
the Vice President of the Finance Department, UDA Holdings Berhad
(UDA) and was later promoted to Senior Vice President leading UDA’s
Group Finance in 2015.
He began his career in 1995 with Messrs Deloitte Kassim Chan

(Deloitte), Malaysia and Deloitte & Touche, New Jersey, USA. In 2007,
he joined Pricewaterhouse Coopers (PwC) Advisory Services Sdn.
Bhd. in Transaction Services Department specialising in merger and
acquisition.
Directorship(s):
Listed Companies : Nil
Other Public Listed Companies : Nil
ZAIN AZRAI
Nil
BIN ZAINUDDIN
Group Chief Financial Officer
Nil
30
AZUA BINTI KAMARUDIN

Managing Director of Metro Parking (M) Sdn. Bhd.
Age / Gender:
45 / Female
Nationality:
Malaysian

• Master in Business Administration, Universiti Utara Malaysia
(UUM), Malaysia
• Bachelor Degree in Business Administration, Universiti
Teknologi MARA (UiTM), Malaysia
• Diploma in Banking Studies, Universiti Teknologi MARA (UiTM),
Malaysia

Azua was appointed as Managing Director of Metro Parking (M)
Sdn. Bhd. on 1 September 2019. Prior to that, she was the Executive
Director of TMR Urusharta (M) Sdn. Bhd. since 2017.
She started her career in banking industry with RHB Bank Berhad,
where she held various positions under the Operations Services
Department, Credit Card Services Division and Processing
Department from 1998 to 2006.
Prior to joining TMR, she was with MAHB as a Manager in

the Transformation Management Office (TMO), responsible
in managing the implementation of Lean Program in the
company before being promoted as a Senior Manager in
November 2010, which also covered the General Manager,
TMO position. She led and facilitated the implementation of
continuous improvement programs which resulted in a savings of
AZUA RM118 million from 2010 until 2015. She also developed the
BINTI KAMARUDIN Innovative and Creative Circle (ICC) program, which entails
consulting and leading the ICC team to winning the Gold Award
Managing Director of Metro Parking (M) Sdn. Bhd. during Regional ICC Convention, The Three Star Award and The Best
Top 10 Award during National ICC Convention. The team was also
selected to compete in the International ICC Convention in 2012
and 2015.
From 2006 until 2008, she was the Manager at Prudential Services
Asia Sdn. Bhd. holding a Six Sigma Black Belt certificate. She
successfully developed the organisation’s quality management
system that enabled and the company to obtain the ISO 9001:2000
certification, with no major or minor lapses were sighted during the
Compliance Audit by SIRIM Berhad.
Directorship(s):

Nil

Nil
31
ANNUAL REPORT 2019
AZUAN BIN HAJI ABU BAKAR

Special Officer to Executive Vice Chairman
Age / Gender:
43 / Male
Nationality:
Malaysian

• Bachelor of Computer and Management, CICT International
College Malaysia Twinning Programme with James Watt College,
United Kingdom
• Diploma in Computer & Management Admin, CICT International
College (CICT), Malaysia

Azuan was appointed as General Manager, Group Business
Development of DBhd on 18 July 2018. He was then re-designated
as the Special Officer to Executive Vice Chairman on 18 March 2020.
He started his career as the Customer Services Executive for

the Customer Access Unit of Microsoft Malaysia in 1997. From
2001 to 2008, he joined Formis Group of Companies as the
Strategic Channel and Account Manager. Subsequently, in 2008, he
served as the Country Manager for CMS I – System (India) Pvt. Ltd.
and CMI I System (Dubai).
From 2014 to 2017, he joined Masterplan Consulting Sdn. Bhd. as AZUAN

the Head of Corporate Affairs where he gained extensive experience
in the field of corporate affairs and communications. Prior to that, he BIN HAJI ABU BAKAR
was the Head Marcom for TIME dotCom Berhad from 2011 to 2013. Special Officer to Executive Vice Chairman
Later in 2017, he joined TMR Urusharta (M) Sdn. Bhd. as the General
Manager of Stakeholder Relations and Business Development to seek
out new clients and new businesses before he was promoted as the
General Manager, Group Business Development in DBhd.
Directorship(s):

Nil

Nil
32
MOHD ISA BIN MOHD DAUD

General Manager of Group Finance
Age / Gender:
35 / Male
Nationality:
Malaysian

• Bachelor Degree in Accountancy (Hons.), Universiti Teknologi
MARA (UiTM), Malaysia
• Diploma in Accountancy, Universiti Teknologi MARA (UiTM),
Malaysia

Mohd Isa joined DBhd as the Head of Group Finance in July 2018 and
was promoted as the General Manager on 1 February 2020, where he
leads the DBhd’s Group Finance and Accounting Division.
He started his career as an Account Assistant with Rimba Ramin Sdn.

Bhd. before joining Messrs. Azman, Wong, Salleh & Co. as a Senior
Auditor from 2009 until 2012 where he gained extensive experience
MOHD ISA in auditing listed companies and private limited companies. Later
in 2012, he joined KTM Distribution Sdn. Bhd., a subsidiary of KTM
BIN MOHD DAUD Holdings Berhad as an Accountant.
General Manager of Group Finance From 2012 until 2018, he re-joined Messrs. Azman, Wong, Salleh &
Co. and held a position as Senior Auditor.
Directorship(s):

Nil

Nil
33
ANNUAL REPORT 2019
SHAMSUL BIN MOHD SALLEH

Managing Director of TMR Urusharta (M) Sdn. Bhd.
Age / Gender:
54 / Male
Nationality:
Malaysian

• Bachelor of Science in Mechanical Engineering, Southern Illinois
University at Carbondale, United States of America
• Certificate Level 1, Thermographer, Infrared Training Centre –
Europe & Asia
• Professional Member, The Institute of Internal Auditors Malaysia

Shamsul was appointed as the Managing Director of TMR Urusharta
(M) Sdn. Bhd. on 12 January 2017. His career started as Junior
Production Executive at Panasonic AVC Network (M) Sdn. Bhd. in 1992.
In 2000, he was promoted as a Production Manager for final assembly
to improve departmental targets on efficiency, and a leader for new
production assembly method from conventional line assembly to cell
assembly.
Based on his vast experience and performance, he was promoted to

Senior Production Manager Audio assemblies.
He joined TMR Urusharta (M) Sdn. Bhd. in 2007 as the Deputy General
Manager for Engineering and Technical Support until 2016, when he
was transferred to DBhd to hold the position as the General Manager
and Head of Business Planning Unit with the main task to formulate
SHAMSUL
planning and strategies for new business development and re- BIN MOHD SALLEH
engineering processes until his appointment as the Managing Director
Managing Director of TMR Urusharta (M) Sdn. Bhd.
of TMR Urusharta (M) Sdn. Bhd. in November 2016.
Directorship(s):

Nil

Nil
34
RUSHDAN BIN RAMLI

Managing Director of Damansara PMC Services Sdn. Bhd.
Age / Gender:
50 / Male
Nationality:
Malaysian

• Bachelor of Economics, International Islamic University, Malaysia
• Post Graduate Diploma in Hospital Management, South Bank
University, United Kingdom
• Diploma in Management, Henley Business School, University of
Reading, United Kingdom

Rushdan was appointed as the Managing Director of Damansara PMC
Services Sdn. Bhd. (DPMC) on 1 October 2018. His career started as
an Executive Trainee with KPJ Healthcare Berhad (KPJ) in 1994, before
being appointed as a Corporate Executive of KPJ’s Commissioning
Team.
During his tenure in the Commissioning Team, he was responsible

in ensuring the successful commissioning of KPJ Ampang Puteri
Specialist Hospital and KPJ Damansara Specialist Hospital. In 2000,
RUSHDAN he was appointed as the Business Development Manager of KPJ
Damansara Specialist Hospital.
BIN RAMLI
After five years in hospital operations, he joined Healthcare Technical
Managing Director of Damansara PMC Services Sdn. Bhd. Services Sdn. Bhd. (HTS) in 2006 as Senior Operation Manager and
became the Assistant General Manager in 2009. He was promoted as
General Manager in 2013 and subsequently in 2015 became the Chief
Financial Officer of HTS. Following his success, he was then promoted
as the Managing Director of HTS in 2017.
Directorship(s):

Nil

Nil
35
ANNUAL REPORT 2019
Ts. MOHD ZAHIRUDDIN BIN MOHD TOHIR

Managing Director of Damansara Technology Sdn. Bhd.
Age / Gender:
49 / Male
Nationality:
Malaysian

• Professional Technologist (Ts.) from MBOT
• Bachelor of Science in Computer Engineering, California State
University of Sacramento (CSUS), California, United States of
America
• Associate Degree in Applied Science, State University of New York
at Buffalo (SUNY), New York, United States of America

Ts. Zahiruddin was appointed as the Chief Executive Officer of
Damansara Technology Sdn. Bhd. (DTech) on 1 March 2019 with more
than 22 years of experiences and expertise in Information Technology.
Following his success, he was then promoted as the Managing Director
of DTech on 3 February 2020.
He started his career as the System Engineer at Mesiniaga Berhad

in 1995. From 1999 to 2003, he joined Ericsson Global IT Services
as the Technical Specialist. Later, he joined DHL Asia Pacific Shared Ts. MOHD ZAHIRUDDIN
Service in 2004 as the Principle Infrastructure Engineer. From 2006
to 2007, he held a position as Technical Consultant at BMC Software,
BIN MOHD TOHIR
Singapore. In 2008, he joined Edymium Technology Sdn. Bhd. as the Managing Director of Damansara Technology Sdn. Bhd.
Chief Marketing Officer. From 2011 to 2014, he served as the Chief
Executive Officer of Ultimus Holdings Sdn. Bhd..
In 2017, he was the Manager of Management Information System

(MIS) at Metro Parking (M) Sdn. Bhd. Later in the same year, he
received the ‘Certified Professional Technologist’ recognition from
MBOT which carries the title Ts. Thereafter, he was promoted as the
General Manager in 2018, prior to him joining DTech.
Directorship(s):

Nil

Nil
36
SYED ZAID BIN SYED FADZIL

Executive Director of HC Duraclean Sdn. Bhd.
Age / Gender:
57 / Male
Nationality:
Malaysian

• Advanced Diploma in Accountancy, Universiti Teknologi MARA
(UiTM), Malaysia

Syed Zaid started his career in 1985 as an Account Assistant in JCorp
(formerly known as PKENJ). He was appointed as an Accountant
in 1990 after graduating from UiTM which was formerly known as
Institute Teknologi MARA (ITM). Just only a year, he was promoted
as the Deputy Manager in Harta Consult Sdn. Bhd. (currently known
as Damansara Assets Sdn. Bhd., a wholly-owned subsidiary of JCorp).
In November 1997, he joined HC Duraclean Sdn. Bhd. (HCD) as a

Manager. Based on his extensive work experience and contribution
to HCD in Finance & Administration, in 2009 he was appointed as the
General Manager. He was promoted in 2013 where he serves as the
Executive Director until this day.
SYED ZAID Directorship(s):
BIN SYED FADZIL Listed Companies : Nil
Executive Director of HC Duraclean Sdn. Bhd.
Nil

Nil
37
ANNUAL REPORT 2019
Group
Management
LOKMAN HAKIM MASSABRINA SUHANA

BIN ZUBIR BINTI MASMARIYUNO BINTI MOKHTAR
Head of Group Head of Group Head of Group
Procurement Corporate Communications Legal
38
SAFIAH AUZAN SYAIDI AZULLAIHA ALLIA

BINTI ADNAN BIN ABDUL LATEH BINTI ABDULLAH BINTI ZAINUN
Head of Group Head of Group Head of Group Head of Group
Human Resources Contract Advisory & Risk Internal Audit Human Resources
(Operation) Management (Strategy)
39

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TO WATCH

Flexible with Integrity Transparent with Clarity United with Synergy

In the year 2019, we have made concerted effort to enhance

Driven by a winning mindset and a disciplined approach in

The Twenty Nineteen

Chairman’s Statement 42 Corporate Governance

Grand Ballroom, Level 1

Directors’ Report 82 List of Properties held by the Group 163

Net Profit Profit Before Tax

DATO’ MOHD AISOM BIN OMAR

DAMANSARA REALTY BERHAD

Revenue 249,742 304,125 293,459

Profit Before Tax 19,128 26,116 25,592

Net Profit 17,857 19,541 22,794

Share Capital 155,341 159,341 159,341

Shareholders Fund 147,403 170,178 188,983

Group Earning Per Share (Sen) 5.48 6.01 7.25

Net Asset Per Share (Sen) 50.17 54.91 60.73

Total Assets 316,726 332,961 423,467

Net Assets 155,719 174,829 193,350

Total No. of Shares 310,371 318,371 318,371

2017 2018 2019 2017 2018 2019 2017 2018 2019

Revenue (RM’000) Profit Net

2017 2018 2019

2017 2018 2019

2017 2018 2019

2017 2018 2019

PETRONAS Cultural Beliefs

With appreciation from

PETRONAS Cultural Beliefs

With appreciation from

PETRONAS Cultural Beliefs PETRONAS Cultural Beliefs

With appreciation from With appreciation from

FEB • DBhd Group Town Hall 01/2019

MAR • HC Duraclean secured a new contract on

2019 Bangunan Dato’ Jaafar Muhammad (BDJM)

• P articipated in the Malaysia International Halal Showcase 2019 at

• DBhd The Biggest Loser Competition team building activity

MAY • Establishment of the Group Contract Advisory &

JUN • Secured a mixed development project in

JUL • Metro Parking Philippines

AUG • TMR Urusharta received a contract extension for

SEP • HC Duraclean received a contract extension for

2019 worth over RM7 million

OCT • DBhd Group Town Hall 02/2019

2019 Kärcher Malaysia

NOV • Group Town Hall Philippines

2019 Supportive Industry Award

DEC • The Groundbreaking Ceremony and the

HAJI ABDULLAH DATO’ AHMAD ZAHRI AZHARI

SHAHRIZAM VINIE CHONG WAN RAZMAH DATO’ MOHD AISOM

Board Committee Memberships

Academic / Professional Qualification:

Date of Appointment / Working Experience:

Family relationship with any director and/or major

Board Meeting Attendance in 2019:

Date of Last Re-election:

Convictions for Offences within Past Five (5) Years: