Felda will raise RM9.9 billion in government-backed sukuk to implement a recovery plan for the debt-laden land development agency, says Mustapa Mohamed. – The Malaysian Insight file pic, October 28, 2020.
FELDA will raise RM9.9 billion in government-backed sukuk to implement a recovery plan for the debt-laden land development agency, Minister in the Prime Minister’s Department Mustapa Mohamed said. The cabinet has approved the sukuk issuance for the recovery plan, which is expected to help improve Felda’s financial position starting 2023, Mustapa, who oversees the economic portfolio, said in a statement.
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