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[[File:Preston St at Beech, Little Italy.jpg|thumb|Sakto Corp at Preston Square, Ottawa]]The '''Sakto Corporation''' is a [[real estate]] empire centered in [[Ottawa, Ontario]], owned by Hisham and Jamilah Murray.<ref name=asia>Liquid error: wrong number of arguments (given 1, expected 2)</ref> The company has been noted for its "great success in attracting government tenants",<ref name="timber" /> and its founders lauded as [[socialite]]s hosting gala fundraising and charitable dinners.<ref name="report">[https://ift.tt/31kvfeK How Canada's Wealthy Couple Splash Sarawak's Cash], 2019</ref>
==Owners==
Born 'Sean Patrick Murray' into a family of [[architect]]s, Hisham converted to Islam and took the name “Mohamad Nor Hisham Murray”. Hisham's uncle, Patrick J. Murray, served as the mayor of [[Rockcliffe Park]].<ref name="timber">Straumann, Lukas. "Money Logging: On the Trail of the Asian Timber Mafia", pp. 25-30</ref> In 1987 Hisham married Jamilah Taib who was studying [[business management]] at [[Carleton University]] and the daughter of Malasyian “tycoon” [[Abdul Taib Mahmud]],<ref name="report" /> and together they set up a new company to manage the affairs of the recently-created Sakto Development Corporation that Jamilah's family had entrusted her upon graduation.<ref name="timber" />
==Holdings and interests==
The Sakto Corporation's main base is within Preston Square, which consists of three office towers and a condominium complex west of downtown Ottawa.<ref name="obs">National Observer, [https://ift.tt/2CzAwEN Ottawa real estate firm takes Malaysian rainforest campaigners to court], October 22 2018</ref> The Ottawa holdings encompass Waterford Development, Adelaide Ottawa Corp, Tower One Holding Corp, Tower Two Holding Corp, Urban Sky Investments and Urban Sky Europe. Hisham branched out to help develop the sister corporations "Sakti International" in [[San Francisco]] and Wallysons Inc in [[Seattle]].<ref name="timber" /> It remained a family business, and Hisham set up his brother Thady as president of City Gate International, his cousin Chris to head Ridgeford Properties in London, and his cousin Brian to handle Ottawa rentals.<ref name="timber" />
Within a year of its formation, Sakto had purchased 400 apartment units around Ottawa,<ref name="timber" /> and by 1989 a glass office building costing $15 million had been completed.<ref name="timber" /> The company operated at a loss for nearly the first decade of business, and by 1992 it held $40 million of assets against $48 million of debt.<ref name="timber" /> They were aided by a $73 million loan from [[Manulife Financial]].<ref name="timber" /> Hisham branched out to help develop the sister corporations "Sakti International" in [[San Francisco]] and Wallysons Inc in [[Seattle]].<ref name="timber" />
==Philanthropy==
Jamilah Taib has long worked with the private girls' [[Elmwood School]], including hosting its gala events.<ref name="obj">[https://ift.tt/3gE6vox Elmwood Gala raises record-breaking $325k], 2018</ref> Similarly she has donated to the [[Ashbury College]] leadership-training camp for girls in Ottawa<ref>https://ift.tt/3fxymFy> while Hisam supports the college's Ashbury Cadet Corps and member at Young Presidents Organization.<ref>https://ift.tt/2DBiZOI>
==Legal proceedings==
In 2018, Sakto unsuccessfully sued the [[Bruno Manser Fonds]] activists in a Swiss court, demanding they remove documents suggesting they were linked to corruption and deforestation in the [[Sarawak]] region of Malaysia.<ref name="obs" /><ref>https://ift.tt/2DyFqnK>
==References==
[[Category:Real estate companies of Canada]][[Category:Malaysia]][[Category:Companies based in Ottawa]]
==Owners==
Born 'Sean Patrick Murray' into a family of [[architect]]s, Hisham converted to Islam and took the name “Mohamad Nor Hisham Murray”. Hisham's uncle, Patrick J. Murray, served as the mayor of [[Rockcliffe Park]].<ref name="timber">Straumann, Lukas. "Money Logging: On the Trail of the Asian Timber Mafia", pp. 25-30</ref> In 1987 Hisham married Jamilah Taib who was studying [[business management]] at [[Carleton University]] and the daughter of Malasyian “tycoon” [[Abdul Taib Mahmud]],<ref name="report" /> and together they set up a new company to manage the affairs of the recently-created Sakto Development Corporation that Jamilah's family had entrusted her upon graduation.<ref name="timber" />
==Holdings and interests==
The Sakto Corporation's main base is within Preston Square, which consists of three office towers and a condominium complex west of downtown Ottawa.<ref name="obs">National Observer, [https://ift.tt/2CzAwEN Ottawa real estate firm takes Malaysian rainforest campaigners to court], October 22 2018</ref> The Ottawa holdings encompass Waterford Development, Adelaide Ottawa Corp, Tower One Holding Corp, Tower Two Holding Corp, Urban Sky Investments and Urban Sky Europe. Hisham branched out to help develop the sister corporations "Sakti International" in [[San Francisco]] and Wallysons Inc in [[Seattle]].<ref name="timber" /> It remained a family business, and Hisham set up his brother Thady as president of City Gate International, his cousin Chris to head Ridgeford Properties in London, and his cousin Brian to handle Ottawa rentals.<ref name="timber" />
Within a year of its formation, Sakto had purchased 400 apartment units around Ottawa,<ref name="timber" /> and by 1989 a glass office building costing $15 million had been completed.<ref name="timber" /> The company operated at a loss for nearly the first decade of business, and by 1992 it held $40 million of assets against $48 million of debt.<ref name="timber" /> They were aided by a $73 million loan from [[Manulife Financial]].<ref name="timber" /> Hisham branched out to help develop the sister corporations "Sakti International" in [[San Francisco]] and Wallysons Inc in [[Seattle]].<ref name="timber" />
==Philanthropy==
Jamilah Taib has long worked with the private girls' [[Elmwood School]], including hosting its gala events.<ref name="obj">[https://ift.tt/3gE6vox Elmwood Gala raises record-breaking $325k], 2018</ref> Similarly she has donated to the [[Ashbury College]] leadership-training camp for girls in Ottawa<ref>https://ift.tt/3fxymFy> while Hisam supports the college's Ashbury Cadet Corps and member at Young Presidents Organization.<ref>https://ift.tt/2DBiZOI>
==Legal proceedings==
In 2018, Sakto unsuccessfully sued the [[Bruno Manser Fonds]] activists in a Swiss court, demanding they remove documents suggesting they were linked to corruption and deforestation in the [[Sarawak]] region of Malaysia.<ref name="obs" /><ref>https://ift.tt/2DyFqnK>
==References==
[[Category:Real estate companies of Canada]][[Category:Malaysia]][[Category:Companies based in Ottawa]]
from Wikipedia - New pages [en] https://ift.tt/2Di9wft
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