Sabah's O&G company achieves milestone with issuance of maiden RM900mil sukuk wakalah

Sabah Chief Minister Datuk Seri Hajiji Noor (standing middle) and Sabah Finance Minister Datuk Seri Masidi Manjun (standing second left) as well as other VIPs witnessing the exchange of documents between SMJSB CEO Dr Dionysia Kibat (seated left) and AmInvestment Bank’s head of debts market Yeoh Teik Leng.

KOTA KINABALU: SMJ Sdn Bhd (SMJSB), Sabah's fledgling oil and gas company, has achieved a key milestone after successfully pricing its inaugural RM900mil Islamic medium-term notes (IMTN), or sukuk wakalah, on Oct 16.

This was issued out of its AAA-rated multi-currency sukuk wakalah programme of up to RM10bil, or its equivalent in other currencies, in nominal value.