Bank Islam, Petronas, SJPP ink MoU to assist Petronas vendors


Picture taken yesterday after the signing of the MoU with vendors and officials. - Bernama

KUALA LUMPUR: Bank Islam Malaysia Bhd, Petronas and Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) will collaborate to provide a financial solution to Petronas’ vendors, nationwide, via the Small and Medium Enterprises (SMEs) Vendor Financing Programme.

This follows the signing of a memorandum of understanding (MoU) yesterday between the three parties which aims to improve access to financing and liquidity to the local oil and gas services and equipment (OGSE) sector.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Petronas , Bank Islam , vendors , financing ,

Next In Business News

Thematic guide to investments in 2026
Racing to deliver
Sunway Construction unit secures work orders valued at RM386mil from US-based tech firm
Sunway Healthcare said to gauge interest for IPO in January
Ringgit hits near six-year high at 4.07 vs greenback
Bursa Malaysia's key index rises 1.15% on firmer regional markets
Sunview's indirect subsidiary inks 21-year PPA with TNB
Perdana Petroleum unit secures two contracts for provision of vessels
Protasco unit inks interim agreement for maintenance of Federal roads
SumiSaujana unit inks MOU to explore development of acid gas facility in Indonesia

Others Also Read