Kuala lumpur: Pelaburan Hartanah Bhd (PHB) has announced the appointment of Mazuki Abdullah @ Muhammad as its new group managing director, effective January 1, 2026. This transition comes as the current group managing director and chief executive officer, Mohamad Damshal Awang Damit, is set to retire upon completing his contract on December 31.

According to BERNAMA News Agency, Mazuki Abdullah currently serves as the co-head of the Real Estate Division at Permodalan Nasional Bhd, where he manages a diversified domestic real estate portfolio with total assets exceeding RM12 billion. With over 25 years of experience in real estate, corporate strategy, and institutional investment, Mazuki is anticipated to lead PHB into its next growth phase.

Mazuki holds a Bachelor of Arts (Honours) in Accounting and Finance from the University of Kent, Canterbury, in the United Kingdom. PHB has expressed confidence in his ability to guide the company forward, citing his extensive experience and strategic insights.

Under the leadership of Mohamad Damshal, PHB underwent a significant transformation, enhancing its operational rigour, governance framework, and corporate culture. These reforms have restored the group's financial strength, leading to improvements in revenue, profitability, and occupancy levels across most commercial assets. PHB is now better positioned to pursue its 2027 milestones with clarity and resilience.

The board of directors expressed strong appreciation for Mohamad Damshal's leadership and contributions, highlighting his role in rebuilding PHB's foundations and positioning the group for future growth.