Mah Sing issues RM300m sukuk

Mah Sing's affordable housing project model.

KUALA LUMPUR: Mah Sing Group Bhd has completed an issuance of secured and unrated Sukuk Murabahah of RM300mil in nominal value under its existing programme.

In a filing with Bursa Malaysia yesterday, the developer said the Sukuk Murabahah has a tenure of five years and carries a fixed profit rate of 4.90% per annum payable semi-annually.

The Sukuk Murabahah is secured by assets owned by the company’s subsidiaries and certain designated accounts.

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Mah Sing Group , unrated , Sukuk Murabahah


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