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KUALA LUMPUR, 6 AUGUST 2026 —

Nazri Abdullah, who joined in July 2022 as Senior General Manager of Group Corporate Services, was re-designated to Deputy COO effective 1 July 2024. Frankie Chai, Financial Controller since 2019, was also promoted to Deputy COO on the same date, taking charge of Group Finance, Renewable Energy & Risk.

In a statement, the group said its renewable-energy venture supports the long-term sustainability of its property business. In the financial year ended 31 December 2023, M K Land completed its first large-scale solar photovoltaic plant in Kerian, Perak, through subsidiary Solar Citra Sdn Bhd.

The 50 MWac plant achieved initial operation on 21 May 2023 and commercial operation on 30 May 2023—seven months ahead of schedule—under Malaysia’s fourth large-scale solar programme. The project is the first LSS4 solar venture in Perak and is expected to provide recurring revenue through electricity sales.

M K Land said the plant exceeded expectations by delivering clean energy and a steady income stream. The group did not disclose financial details or contribution margins for the asset.

Property development remains the core of M K Land’s business. The group operates townships across multiple states, describing the projects as “spaces where people and businesses thrive.” Its leisure segment includes Bukit Merah Lake Town Resort and Ombak Villa Langkawi, both positioned as premium destinations. The company did not provide occupancy or financial details for these assets.

Analysts tracking M K Land will watch the contribution margin from the Kerian solar plant when the group reports first-half 2024 earnings. The plant’s early completion and seven-month advance over the commercial-operation deadline signal operational discipline that could support dividend capacity if tariff structures remain supportive.

M K Land trades on Bursa Malaysia under the ticker MKLAND.