Mah Sing completes issuance of RM300m Sukuk Murabahah | Malay Mail

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KUALA LUMPUR, Oct 20 — Mah Sing Group Bhd has completed an issuance of secured and unrated Sukuk Murabahah of RM300 million in nominal value under the company’s existing Sukuk Murabahah Programme. In a filing with Bursa Malaysia today, the property developer said the secured and unrated Islamic...

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KUALA LUMPUR, Oct 20 — Mah Sing Group Bhd has completed an issuance of secured and unrated Sukuk Murabahah of RM300 million in nominal value under the company’s existing Sukuk Murabahah Programme.

“Proceeds from the sukuk will be utilised for shariah-compliant purposes which may include land banking, capital expenditures, investments and working capital of Mah Sing and its subsidiaries and associate companies. Mah Sing said the issuance of the Sukuk Murabahah will not have any effect on the issued share capital of the company, the substantial shareholders’ shareholdings in the company, and the group’s net assets per share.

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