Turkey subsidiary Evyap Sabun Malaysia to issue RM500m Sukuk

Products manufactured by Turkey's Evyap Group. It owns and operates a vertically integrated oleochemicals manufacturing plant in Tanjung Langsat, producing fatty acids, soap noodles and bar soaps. The plant started production in 2015.  

KUALA LUMPUR: Turkey-based personal care product manufacturer Evyap Group's Malaysian subsidiary Evyap Sabun Malaysia Sdn Bhd has proposed to undertake a RM500mil Sukuk Wakalah programme.

Malaysian Rating Corporation Bhd (MARC) said on Friday it had assigned a preliminary rating of AA-IS to the programme with a stable outlook.