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DIRECTORS’ REPORT

for the financial year ended 31 december 2020

the directors have pleasure in submitting their report and the audited financial statements of the Group and of the company for the
financial year ended 31 december 2020.

PRINCIPAL ACTIVITIES
the company is principally engaged as an investment holding company with business transacted in accordance with islamic principles,
whilst the principal activities of the subsidiaries are as stated in note 14 to the financial statements.
inteGrated annUal rePort 2020 ULTIMATE HOLDING COMPANY
there has been no significant change in the nature of these activities during the financial year.

the company is a subsidiary of lembaga tabung haji, a hajj pilgrims’ fund statutory body established in malaysia and regarded by the
directors as the company’s ultimate holding company, during the financial year and until the date of this report.

SUBSIDIARIES
the details of the company’s subsidiaries are disclosed in note 14 to the financial statements.

160 FINANCIAL RESULTS
Group Company
RM’000 RM’000
bimb holdinGS berhad 199701008362 (423858-X) owner of the company 720,247 268,728 –
discontinued operations
Profit for the year attributable to:

non-controlling interests
147,654
867,901
268,728
DIVIDENDS

Since the end of the previous financial year, the amount of dividends paid by the company were as follows:

i) in respect of the financial year ended 31 december 2019 RM’000
as reported in the directors’ report of that year:
dividend of 16.00 sen per ordinary share, declared on 29 november 2019,
ex-date on 23 december 2019, and paid on 21 January 2020 282,285

ii) in respect of the financial year ended 31 december 2020:
dividend of 12.60 sen per ordinary share, declared on 30 november 2020,
ex-date on 21 december 2020, and paid on 18 January 2021 225,876

508,161

the directors do not recommend final dividend to be paid for the financial year under review.