Bank Islam CEO Mohd Muazzam Mohamed said the initiative is a continuation of the Bank Islam Vendor Financing Programme (VFP) to boost the growth of Malaysia’s oil and gas (O&G) sector.
KUALA LUMPUR: Setegap Ventures Petroleum Sdn Bhd has secured a RM98.35mil financing deal for Bank Islam Malaysia Bhd for its capital expenditure and working capital requirements.
The financing agreement is for Setegap Ventures, a subsidiary of Uzma Bhd
, to acquire equipment for its well intervention contracts from Petronas Carigali Sdn Bhd.
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