Berjaya Property Bhd, formerly Berjaya Land Bhd, has appointed Johor princess Tunku Tun Aminah Sultan Ibrahim as its new non-independent non-executive chairman, filling a role that had been vacant for more than two years. The appointment takes effect immediately, according to a Bursa Malaysia filing on Thursday. She succeeds Tun Richard Malanjum, who retired on Dec 12, 2023.
Tunku Aminah, 39, is the only daughter of Malaysia’s current King, Sultan Ibrahim Sultan Iskandar. Her appointment comes two days after she was named chairman of U Mobile Sdn Bhd, Malaysia’s 5G network provider.
She has extensive experience leading private organisations across multiple industries and serves on the boards of numerous companies, including Berjaya Corporation Bhd, REDtone Digital Bhd, Berjaya Assets Bhd, Berjaya Group Bhd, Berjaya Capital Bhd, Berjaya Hartanah Bhd, Berjaya Japan Developments Bhd, Bukit Kiara Resort Bhd, U Mobile, and Berjaya Times Square Bhd. She also holds the KFC franchise in Stulang Laut, Johor Bahru.
Tunku Aminah and Berjaya Group founder Tan Sri Vincent Tan co-founded Mawar Setia Sdn Bhd, which controls 50% of U Mobile following a deal with Singapore Technologies Telemedia (ST Media), a Temasek Holdings unit.
She currently holds 702,000 shares in Berjaya Rail, a unit of Berjaya Property.
Berjaya Property shares closed 0.5 sen, or 2%, higher at 26 sen on Thursday, giving the company a market value of RM1.3 billion.
