SimeProp retains strong rating for sukuk

Sime Darby Property group managing director Datuk Seri Azmir Merican

PETALING JAYA: Sime Darby Property Bhd (SimeProp) has retained its AA+IS rating with a stable outlook for its RM4.5bil Islamic medium-term notes programme (Sukuk Musharakah) for the fourth consecutive year, reflecting the group’s robust financial health and strong sales performance.

As of Nov 30, 2024, RM1.4bil remained outstanding under the investment-grade programme.