George Kent Malaysia lodges RM500m Sukuk Wakalah programme

George Kent (Malaysia) Bhd has lodged its Sukuk Wakalah programmes with the Securities Commission (SC) Malaysia, and will utilise the proceeds to finance investments, capital expenditure and working capital requirements.

In a filing to Bursa Malaysia today, the group said the Islamic Commercial Papers (ICP) and Islamic Medium Term Notes (IMTN) programme, with a combined aggregate limit of up to RM500 million in nominal value, is based on the Shariah principle of Wakalah Bi Al-Ist.

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