Standard Chartered Saadiq provides £65m financing to Lembaga Tabung Haji

Left to right: Mohd Suhaimi Abdul Hamid, CEO of Standard Chartered Saadiq Malaysia; Abrar A. Anwar, MD and CEO of Standard Chartered Malaysia; Nik Mohd Hasyudeen Yusoff, group MD & CEO, Lembaga Tabung Haji and Hizamuddin Jamalluddin, chief strategy officer and chief of staff of Lembaga Tabung Haji

KUALA LUMPUR: Standard Chartered Saadiq extended a two-year Shariah-compliant financing facility totalling £65mil (RM352.78mil) to Lembaga Tabung Haji's (TH) two subsidiaries for refurbishing and refinancing of office properties in the UK.

Standard Chartered Saadiq said on Wednesday it had entered into a multifaceted long-term collaboration with TH involving the latter’s overseas properties as well as travel business.