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Sabana unveils steps to soothe unitholders

CEO of trust manager quits; measures include one-time base fee cut, dropping of acquisition; Q1 DPU falls 24%

In a slew of announcements issued by Sabana Reit's manager on Tuesday described by the investors as "the right thing to do", it was announced that the embattled chief executive officer and executive director of the Reit manager, Kevin Xayaraj, has decided to quit "to pave a way for change" after serving the manager for seven years.


RATTLED unitholders of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust who fought valiantly but lost their bid to unseat the Reit manager, should have been more dispirited to hear Tuesday's news that the Reit fared poorly - again - in the first quarter with...

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