Naza TTDI establishes RM300m Sukuk Murabahah programme to accelerate KL Metropolis development

Naza TTDI Sdn Bhd has established a Sukuk Murabahah programme of up to RM300 million in nominal value via its wholly-owned subsidiary Naza TTDI Capital Bhd, which will be issued over the next 15 years.

In a statement, it said the sukuk will be backed by properties owned by Naza TTDI located in KL Metropolis, with the proceeds to be used for the development of KL Metropolis and other general corporate purposes.

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