FELCRA BERHAD ANNOUNCES DIVIDEND OF RM914MIL FOR 2011

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KAMPUNG GAJAH, Feb 12 (Bernama) - Felcra Berhad today announced the

distribution of dividend amounting RM914mil for 2011.

Chairman Datuk Tajuddin Abdul Rahman said of the amount, RM839mil will be

distributed to 94,000 Felcra participants nationwide.

"The dividend will also be distributed to those under the Hardcore Poor

Development Programme (PPRT)," he told reporters after visiting Felcra National

Assembly Programme site at Changkat Lada to be attended by Prime Minister Datuk

Seri Najib Tun Razak on Feb 18.

Tajuddin said for 2010, Felcra distributed dividend amounting RM544mil to

participants.

Felcra will also establish an investment fund to be managed by Pelaburan

Felcra Berhad with initial injection of RM100mil by Felcra.

The investment fund is a new initiative to reduce dependence on farm produce

by participants which is limited due to lack of land.

- MORE

FELCRA-DIVIDEND 2 KAMPUNG GAJAH

Felcra encourages participants to contribute fo the fund that will be

managed by a professional board of trustees.

"With contributrion from participants and Felcra, I expect to have a fund of

500mil in four or five years.

"Kolej Felcra will also be establish at Seberang Perak to develop human

capital among Felcra generation.

"A research and development centre will also set up to complement the

college," he added.

Some 50,000 people are expected to attend the programme where Najib will

launch the investment fund and present land titles to 1,300 Felcra participants

in Seberang Perak.

- BERNAMA

MUN ZUB

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