Mah Sing’s RM250mil sukuk done

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

PETALING JAYA: Mah Sing Group Bhd has completed the issuance of RM250mil secured and unrated sukuk murabahah under its existing sukuk murabahah programme.

In a filing with Bursa Malaysia, the property developer said the sukuk murabahah has a five-year tenure and carries a fixed profit rate of 4.25% per annum, payable semi-annually.