UEM Edgenta Signs Agreement For RM1 Billion Sukuk Programme

UEM Edgenta Signs Agreement For RM1 Billion Sukuk Programme. The Islamic Commercial Papers (ICP Programme) and Islamic Medium Term Notes (IMTN Programme) with a combined aggregate limit of up to RM1 billion in nominal value for the Sukuk Programmes has been assigned preliminary ratings of MARC-1IS/ AA-IS by Malaysian Rating Corporation Berhad (“MARC”) with a stable outlook.

The proceeds raised from the Sukuk Programme will allow us to rebalance our capital and will be utilized for our Shariah-compliant general corporate expansion. This includes capital expenditure to push forward in enhancing our new strategic focus in our three key business offerings encompassing consultancy, solutions and services in four distinct core business sectors, namely healthcare, infrastructure, real estate and water.