Mah Sing Group completes issuance of RM100m Sukuk

The company will be using the proceeds from the Sukuk for future investments and general working capital, including its glove production venture and healthcare segment.

KUALA LUMPUR: Mah Sing Group Bhd has completed its proposed convertible Sukuk with the issuance of RM100mil Sukuk on Tuesday.

The issuance of the nominal value of seven-year redeemable convertible Sukuk Murabahah carries a fixed profit rate of 3% per annum payable semi-annually.