KUALA LUMPUR (Jan 4): Ekovest Bhd on Monday (Jan 3) issued RM150 million in nominal value of sukuk to finance its investment activities, capital expenditure and working capital requirements.
The Islamic notes issued represents the first tranche in a RM1.3 billion sukuk murabahah programme with a tenure of up to 20 years, said Ekovest in a bourse filing.
The construction engineering company said the first tranche of the programme has a tenure of one and a half years to seven years.
MIDF Amanah Investment Bank Bhd is the principal adviser, lead arranger and lead manager, while Astramina Advisory Sdn Bhd is the financial adviser for the sukuk programme.
Ekovest’s share price closed half a sen or 1.2% higher at 42 sen on Monday (Jan 3), with some 2.42 million shares traded. The group has a market capitalisation of RM1.12 billion.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates
TOP PICKS BY EDGEPROP
Kingsley Hills @ Putra Heights
Subang Jaya, Selangor
Damansara Heights (Bukit Damansara)
Damansara Heights, Kuala Lumpur
DO MORE WITH EDGEPROP.MY
-
Read newsRead the latest news and in-depth coverage of Malaysian property - what's hot, what's not and more
-
Search listingsFind residential or commercial properties for sale, rental and auction by licensed agents
-
Search new projectsCheck out over 200 new project launches and offers by developers in Klang Valley and other locations
-
Get property market insightsGet your personalized property report (including estimated home value) and find past transacted data
-
Get home design ideasZING.my can help you get started on your renovation project. Find hundreds of design portfolios by professionals in Malaysia
-
Partner with usAre you a real estate agent or home professional? List your properties or portfolio with us for free and get quality leads.