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.