Singapore

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit) manager has appointed its chief operating officer (COO) Aw Wei Been to be its acting CEO from Jan 1, 2018, while it continues its search for a new chief executive.

Its current CEO Kevin Xayaraj - who has been with the manager Sabana Real Estate Investment Management since 2010 - tendered his resignation in May, after a unitholders' revolt over the Reit's proposed acquisition of a Changi South property.