PETALING JAYA: Berjaya Land Bhd has obtained shareholders’ approval at an extraordinary general meeting for the proposed change of name to Berjaya Property Bhd, the company announced today.
The name change reflects the group’s strategic evolution and more accurately reflects its core business focus, asset-led strategy, and long-term value proposition, it said.
Property remains the group’s anchor platform, underpinning its diversified portfolio across hospitality, retail, transport, mobility and lifestyle-related businesses.
The rebranding to Berjaya Property enhances the group’s corporate identity by providing clearer visibility into its principal value drivers, strengthening brand coherence, and improving transparency for investors, analysts and other stakeholders.
In an environment where global and regional capital markets increasingly favour asset-backed, cash-generative and resilient business models, the new name underscores the group’s focus on long-life assets, recurring income streams and disciplined asset management. This strategic positioning supports earnings resilience across market cycles and reinforces confidence in the group’s long-term growth outlook.
The new name also reflects the group’s integrated ecosystem approach, where property serves as the foundation for developing and operating destinations that combine residential, hospitality, transport and services in a cohesive manner. This model enhances asset utilisation, operational synergies, and customer experience while supporting sustainable returns.
Group CEO Syed Ali Shahul Hameed said, “We are grateful for the strong support and confidence demonstrated by our shareholders at today’s EGM. This approval marks an important milestone in our corporate journey. Property has long been the cornerstone of our value-creation strategy, anchoring our integrated developments, generating recurring income, and supporting sustainable long-term growth.
“The name Berjaya Property Berhad more accurately reflects our strategic direction and strengthens clarity in the capital markets.
“As we move forward, we remain committed to disciplined asset management, operational excellence and responsible development, delivering resilient and sustainable value for our shareholders and stakeholders,“ he said in a statement.
Sustainability remains central to the group’s development philosophy, and the change of name further strengthens the group’s environmental, social and governance narrative, highlighting its role as a responsible steward of assets and communities, and its commitment to balanced economic, environmental and social outcomes.
The company will continue to pursue its long-term strategy of delivering sustainable value while contributing positively to broader economic and community development.
The board and management remain confident in the group’s strategic positioning, financial resilience and operational capabilities.
Guided by a clear vision to attain greater business opportunities as a global player and market leader in the property and integrated development space, the company is well-positioned to deliver positive performance in the years ahead, supported by prudent leadership, disciplined execution, and an unwavering commitment to
long-term shareholder value creation.
