KUALA LUMPUR – Pelaburan Hartanah Bhd (PHB), a wholly owned subsidiary of Permodalan Nasional Bhd (PNB), has announced the appointment of Mazuki Abdullah @ Muhammad as its new group managing director, effective 1 January 2026.
Mazuki succeeds Mohamad Damshal Awang Damit, who will retire at the end of his contract on 31 December 2025. Mohamad Damshal has steered PHB since January 2023, leading several initiatives to enhance operational efficiency, governance, and the professional culture within the group. Under his leadership, PHB improved revenue, profitability, and occupancy rates across its commercial properties in Kuala Lumpur and Selangor, reinforcing its position in the local office and industrial property markets.
Mazuki currently serves as co-head of PNB’s real estate division, overseeing a diversified portfolio of domestic real estate assets valued at over RM12 billion. His responsibilities span:
Land banking and investment properties
Industrial and logistics assets
Active development projects, including Merdeka 118 and PNB Group’s hospitality investments
With more than 25 years of experience in real estate, corporate strategy, and institutional investment, Mazuki is well-positioned to guide PHB’s next growth phase. He holds a Bachelor of Arts (Honors) in Accounting and Finance from the University of Kent, UK.
PHB highlighted that with a solid operational foundation, Mazuki’s leadership will support the company’s ongoing expansion in commercial office space, industrial properties, and logistics hubs in prime locations across Kuala Lumpur, Selangor, and the Subang area. The company aims to continue executing its long-term growth strategy, targeting key milestones leading up to 2027, while maintaining a focus on generating value from its industrial land and commercial property portfolio.
Malaysia