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Sabana REIT manager taps COO for acting CEO role

Sabana Shari'ah Compliant Industrial REIT's manager announced the appointment of Aw Wei Been as acting CEO, succeeding Kevin Xayaraj, who will resign as CEO and executive director, effective Dec. 31.

Aw, whose appointment is effective Jan. 1, 2018, serves as the manager's COO and head of asset management.

The company said in a filing that the search for a permanent CEO is underway.