Mah Sing completes sukuk issuance

The sukuk was secured by assets owned by the company’s subsidiaries and certain designated accounts.

PETALING JAYA: Mah Sing Group Bhd has completed an issuance of secured and unrated sukuk murabahah of RM350mil in nominal value under the company’s existing sukuk murabahah programme.

In a filing with Bursa Malaysia, the property developer said that the sukuk murabahah had a tenure of five years and carried a fixed profit rate of 4.45% per annum, payable semi-annually.