KUALA LUMPUR: Debt-laden 1Malaysia Development Bhd has received a lifeline of US$1bil (RM3.6bil) from Abu Dhabi’s energy investment arm to repay its loan to a syndicate of international banks.
The US$1bil would come from the International Petroleum Investment Company (IPIC), which had entered into an agreement with 1MDB, along with its subsidiary Aabar Investments.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
