ENCORP NAMES YOUNG TALENT TO BOARD AS NON-INDEPENDENT NON-EXECUTIVE DIRECTOR

KOTA DAMANSARA, July 16 (Bernama) -- Encorp Berhad (ENCORP) announces the appointment of Encik Muhammad Fitri Othman as its new Non-Independent Non-Executive Director effective 15 July 2025. His appointment signals ENCORP’s commitment to introducing fresh perspectives and next-generation leadership to its Board.

Encik Fitri brings with him over 17 years of experience across financial services, government- linked investment entities and the corporate sector, both in Malaysia and abroad. He is currently serving as the Group Chief Executive Officer of Felda Investment Corporation (FIC), where he oversees strategic leadership, business growth and value creation across FIC’s core businesses in hospitality, trading, property management, real estate development and mining.

Prior to this, Encik Fitri served as the Chief Investment Officer of Lembaga Tabung Angkatan Tentera (LTAT), the retirement fund for the Malaysian Armed Forces. He was responsible for the fund’s overall investment strategy, including oversight of its strategic holdings in Affin Bank Berhad and Boustead Holdings Berhad. During his tenure, he was also a Director of Boustead Holdings Berhad, where he served as a member of the Group Board Sustainability Committee, providing oversight on ESG strategies and corporate transformation initiatives.

He also served as a Director of Affin Islamic Bank Berhad, where he provided guidance on the bank's strategic direction and governance as part of the Board, and was a member of the Group Board Compliance Committee, ensuring adherence to Shariah principles, regulatory standards and corporate governance best practices.

Encik Fitri has held numerous board and board committee roles in diverse sectors including banking, real estate, plantation, pharmaceuticals, downstream fuel and asset management. He has led strategic divestments, high-value corporate transactions and major portfolio restructurings.

He started his career as an investment analyst with Permodalan Nasional Berhad (PNB) and held various positions within the Group for over 11 years including stints at subsidiaries in London and Tokyo.

Encik Fitri holds a Bachelor of Science in Economics and Finance (First Class Honours) from the University of Southampton, United Kingdom, a Master of Science in Economics from the London School of Economics and Political Science, United Kingdom and is a Chartered Financial Analyst (CFA) charterholder accredited by the CFA Institute of USA. He also holds a Sustainable Investing Certificate from the CFA Institute of USA and has completed executive education programmes at INSEAD, France and Harvard Business School, USA.

Encik Fitri’s appointment reflects ENCORP’s focus on nurturing high-calibre talent and enhancing Board diversity with global thinkers who bring fresh energy and strategic foresight. It also underscores the Group’s continued commitment to forward-looking governance and sustainable value creation.

About Encorp Berhad

Listed on the Main Market of Bursa Malaysia (Ticker: ENCORP/6076), ENCORP is principally an investment-holding company. The Group is currently involved in three core businesses – property development, property investment and construction. For more information, visit www.encorp.com.my.

SOURCE: Encorp Berhad

FOR MORE INFORMATION, PLEASE CONTACT:

Name: Saidah Umairah Binti Zul Azki

Tel: 03 6286 7777

Email: umairah@encorp.com.my

--BERNAMA