Kuala Lumpur, 1 November 2007 - Prestige Scale Sdn Bhd (PSSB) has agreed to a proposed Musharakah Arrangement with Kuwait Finance House (Malaysia) Berhad (KFHMB) on 26 October 2007, for the acquisition of a building identified as Glomac Tower, KLCC from Glomac Al Batha Sdn Bhd (GAB). The development is for a 36-storey Class A commercial office block.

GAB is a joint venture company owned by Glomac Berhad (51%), listed on Bursa Malaysia Main Board, and Al Batha Group (49%), one of the largest private companies from the United Arab Emirates. The site for the Glomac Tower is located at Jalan Pinang within the vicinity of KLCC, Mandarin Oriental Hotel and the Marc Residences.

Kuwait Finance House (Malaysia) Berhad is a wholly-owned subsidiary of Kuwait Finance House, Kuwait and was officially opened on 17 February 2006. KFHMB has a paid-up capital investment of RM 727 million.