OCK proposed RM500mil ICP programme

KUALA LUMPUR: OCK Group Bhd has proposed to undertake the issuance of an Islamic commercial papers programme (ICP programme) based on the Shariah principal of Wakalah Bi Al-Istithmar.

In a statement, the telecommunications network solutions provider said the ICP programme is expected to raise up to RM500mil in nominal value over a tenure of seven years from the date of the first issuance.