BENALEC HOLDINGS BERHAD

BENALEC HOLDINGS BERHAD was incorporated on 12 July 2005 as a private limited company under the name of Benalec Holdings Sdn Bhd. Subsequently, the Company was converted into a public limited company and assumed its present name on 29 September 2010. On 17 January 2011, Benalec Holdings Berhad (“Benalec” or “The Group”) was listed on the Main Board of Bursa Malaysia.

Our first foray into the marine construction industry was in 1993 when Benalec was awarded two coastal protection work projects by Jabatan Pengairan dan Saliran, which includes the restoration of the damaged bund at Sungai Belukang, Bagan Datoh, Perak. Despite being widely recognized as one of the most difficult coastal protection works in Malaysia, Benalec earned a high commendation for the successful completion of the project ahead of schedule and under extreme circumstances. This has become the foundation of Benalec’s strong belief today that every adversity could be turned into an opportunity.

The principal activity of Benalec Holdings Berhad (“Benalec” or “the Group”) is in marine construction works, comprising land reclamation, dredging, shore protection, soil consolidation, beach nourishment, breakwater construction, and jetty construction. The Group owns and operates its own fleet of vessels which is utilized for its own operations to ensure that the Group is in full control of the entire value chain of its reclamation works.

The Group is currently embarking on its next phase of growth via two (2) flagship projects in south Johor, namely Tanjung Piai Maritime Industrial Park (“TPMIP”) and Pengerang Maritime Industrial Park (“PMIP”). Leveraging on its execution capabilities and proven track record as a successful master developer of its Melaka concessions, Benalec plans to replicate its role as a master developer for both TPMIP and PMIP.

Both TPMIP and PMIP will be developed into oil and gas industrial parks in line with the Malaysian Government and the State of Johor’s common objective of transforming Johor into a sustainable, world-class downstream oil and gas hub. Strategically located and nestled among various other catalytic development projects, TPMIP and PMIP will be the key driver of Benalec’s planned growth over the next several years.