MARC assigns gold to UEM Sunrise’s sustainability Sukuk

UEMS is the property development arm of UEM Group Bhd, a unit of Khazanah Nasional Bhd, the government’s strategic investment fund.

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has assigned a “Gold” sustainability Sukuk assessment to UEM Sunrise Bhd’s (UEMS) sustainability Sukuk framework.

In a statement on Monday, MARC said the framework will finance green, social or sustainability projects falling under six categories.