KUALA LUMPUR: In a move to prepare its re-entry into the list of syariah-compliant stocks, SapuraKencana Petroleum Bhd has signed a US$2.3bil (RM8.15bil) equivalent Islamic facility agreement, converting a portion of its existing multi-currency loan.
According to a statement by the company, the transaction to convert a portion of loans into an Islamic financing facility was to prepare the company’s return to the Securities Commission’s list of syariah-compliant stocks.
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