PUTRAJAYA: Tabung Haji (TH) will continue to focus on its core investments in various sectors this year.
Among the sectors are Islamic finance, plantation, real estate and the hotel industry, said its Group and Chief Executive Officer, Datuk Seri Johan Abdullah.
He added that with its gross revenue of RM4.5 billion secured last year compared to RM3.4 billion the year before, proved that TH is on the right track.
"The biggest contributor to TH's income, is the investment profit on the equity asset. It contributed a total of 53 per cent of the total income.
"Followed by the income asset which contributed 22 per cent of the total income. This is in line with positive share market," he said during the announcement on the 2017 income distribution (hibah) for Tabung Haji's depositors here today.
Apart from that, the real estate asset has also given positive returns with six per cent of the total income, consistent with rental market performance, he added.
Johan said to accommodate to the rising cost including cost to perform haj, TH will implement new strategy to optimise cost, besides restrategising its approach including venturing into new sectors such as concession and infrastructure projects.
"TH has to accommodate direct and indirect costs, with the biggest cost which is the subsidy for haj. However, we are at the right position and we can bring TH to greater level.
"TH is for the people to save money and at the same time we will help them to perform haj for the well-being of Islam," he added.
Meanwhile, Johan said the TH Hotel in Sepang will be fully operational by middle of this year, before the first batch of pilgrims leave to Mecca on July 13.
The hotel was initially supposed to be TH Complex, but later was converted to a hotel for commercial purpose to generate continuous income, he added.
"The four-star rated hotel, with nine floors and 333 rooms, can house 900 pilgrims at one time.
"Besides that, it comes with a convention center with a capacity of 500 people," he added.