HRSB Holdings receives RM132mil in financing

HRSB Holdings group president Datuk Mohd Faizal Mohd Hassim said in a statement: “Through the funding and guidance provided by SME Bank, the company has succeeded in becoming the contractor of choice in the O&G industry in Malaysia, among others by Petroliam Nasional Bhd (Petronas).

HRSB Holdings Sdn Bhd, an oil and gas (O&G) contractor, has received total financing amounting RM132mil from SME Bank Malaysia Bhd for its working capital and assets purchase purposes.

This will enable the company to deliver the awarded contracts on schedule.