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BIRTH OF AL BATHA BUKIT KIARA HOLDINGS

It all started three years ago when Al Batha expressed interest to co-develop the second tower of VERVE® Suites.

Al Batha Group is one of the largest conglomerates in UAE. It consists of 20 autonomous companies with diverse business interests spanning across Automobiles, Pharmaceuticals, Contracting, Manufacturing, Electronics, FMCG, Real Estate and Education. Some of the famous brands it represents are Rolls Royce, BMW, Mini, Skoda, Dettol, Johnson & Johnson, Indesit and Siemens.

Deal done... Bukit Kiara Group represented by Dato' Alan Tong and Al Batha Group represented by Sheikh Salem sign on the joint-venture documents to officially form the Al Batha Bukit Kiara Holdings in Dubai recently.  After an official signing ceremony, over 200 guests from Malaysia
and Dubai adjourn for lunch.

 

Bukit Kiara Properties’ Group Managing Director NK Tong said he remembered a conversation he had with Al Batha Vice Chairman Sheikh Salem bin Mohammed Al Qassimi when Al Batha expressed interest in co-developing Bukit Kiara’s second tower of the VERVE® Suites.NK remarked to Sheikh Salem that Al Batha would be better off as an investor in the project than as a co-developer because BKP’s profit margins are very reasonable and offers good value to its customers.

He also recalled Sheikh Salem’s reply that making a reasonable profit but not exorbitant profit was good. This viewpoint was also consistent with Bukit Kiara group’s values. Both the Bukit Kiara Group and Al Batha Group have a lot in common to start off with especially a shared perspective on ethics and integrity and a family-driven corporate culture.

This became the foundation for Al Batha Bukit Kiara Holdings, which led to the formation of the Joint Venture Company Al Batha Bukit Kiara Holdings Sdn Bhd.

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