Rakyat Holdings Sdn Bhd, a wholly-owned subsidiary of Bank Rakyat, was established in 1972 in Kuala Lumpur and has since grown into one of Malaysia’s most prominent property development and estate management companies. With a strong portfolio of residential and commercial properties, the company is committed to developing high-quality, innovative projects that nurture communities. Rakyat Holdings currently has four approved Development Orders in place, with upcoming projects boasting a total combined Gross Development Value (GDV) exceeding RM2.5 billion.
Business Model and Subsidiaries
The company operates through a diverse range of subsidiaries, including Rakyat Travel Sdn Bhd, Rakyat Hartanah Sdn Bhd, Rakyat Asset Management Sdn Bhd, Rakyat Facility Management Sdn Bhd, and Rakyat Niaga Sdn Bhd. This structure enables Rakyat Holdings to maintain a diversified business model, ensuring financial stability and long-term sustainability. By leveraging the expertise of its subsidiaries, the company remains adaptable in the face of economic fluctuations and changing market conditions.
Mission and Vision
Rakyat Holdings is driven by its ambition to become the leading syariah-compliant property developer in Malaysia. The company is dedicated to delivering innovative and high-quality developments while upholding principles of integrity, creativity, and sustainability. Its philosophy revolves around crafting new living experiences that blend style, functionality, and modern design, providing homebuyers with visionary spaces that elevate their quality of life.
Future Goals and Strategic Growth
To strengthen its position in the industry, Rakyat Holdings has outlined several key goals for the coming years. The company aims to expand its property development activities beyond Malaysia into neighboring countries, with plans to establish a regional presence by 2018. Additionally, Rakyat Holdings aspires to become the top syariah-compliant property developer in Malaysia by 2020 and to rank among the top five most desirable companies to work for in the country. The company remains committed to sustaining its market share through financial strength, product innovation, and a dedicated workforce that aligns with its long-term vision.
