“The company’s mission is to be the top syariah compliant property developer in Malaysia.”
Rakyat Holdings Sdn Bhd, a wholly-owned subsidiary of Bank Rakyat, was incorporated on August 25, 1972 in Kuala Lumpur and has become one of Malaysia’s leading property developers and estate management companies. Armed with an enviable portfolio of residential and commercial properties, Rakyat Holdings Sdn Bhd aims to develop innovative, unrivalled developments to nurture communities for the people of Malaysia. With four approved Development Orders in placed, RHoldings projects are all ready to be launched with a total combined GDV of more than RM2.5B. Always looking to the future, the company continues to leverage on the increasing demand for quality properties by exploring opportunities while growing its brand as well as its services.
Rakyat Holdings’ subsidiaries include Rakyat Travel Sdn Bhd, Rakyat Hartanah Sdn Bhd, Rakyat Asset Management Sdn Bhd, Rakyat Facility Management Sdn Bhd and Rakyat Niaga Sdn Bhd. This business model allows for business diversity, and ensures that the company will be able to weather the storms of change and economic downturns of the future.
The company’s mission is to be the top syariah compliant property developer in Malaysia, seeking to create and innovate products and services which will fulfill the promises of its brand by being principled, honest, creative and innovative. In order to do so the company has made it its philosophy to create new living experiences which are underpinned by style and taste, with visionary and innovative ideas which help inspire purchasers of their homes to new heights of adventure.
In its quest to be among the top most reputable property development companies in Asia with syariah compliance practice Rakyat Holdings cites consistency in maintaining and sustaining the current business model as the most crucial factor in keeping an even course through the next five years. In the next few years the company has outlined its goals as follows: to expand its property development activities to neighbouring countries by 2018, to be the top syariah compliant property developer in Malaysia by 2020, to be one of the top five desirable companies to work with in Malaysia by 2020, and to retain and sustain its market share on a year-to-year basis. Rakyat Holdings is backed by strong financial strength, diversified subsidiaries, customised products and competent employees, which the company is depending on in order to keep abreast with market demands.
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