Tabung Haji always on the look out for investment opportunities in Saudi Arabia
TH is always on the look out for investment opportunities in Saudi Arabia to increase revenue that will be used to subsidise pilgrimage cost.
Tabung Haji (TH) is always on the look out for investment opportunities in Saudi Arabia to increase revenue which will be used to subsidise the cost of pilgrimage.
Deputy Group Director and TH Chief Executive Officer Datuk Johan Abdullah said the real estate sector had great potential for investment.
"We have had discussions with a Saudi Arabia real estate developer on a possible joint venture between us. They are keen to do business with us as we are an established brand.
"We will explore such opportunities to generate more returns and income," he told Malaysian journalists at a press conference today.
TH subsidied RM150 million, 40 per cent of which was used to subsidise accomodation costs for pilgrims last year.
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