KUALA LUMPUR: Eco World Development Group Bhd
’s (EcoWorld Malaysia) wholly-owned subsidiary, Eco World Capital Bhd, has issued RM850 million in rated sukuk wakalah under its RM3bil programme.
In a filing with Bursa Malaysia, EcoWorld Malaysia said it was the fifth issuance under the programme, which is based on the syariah principle of Wakalah Bi Al-Istithmar.
“The issuance comprised three tranches: RM150mil with a five-year tenure, RM550mil with a seven-year tenure and RM150mil with a 10-year tenure,” it said.
EcoWorld Malaysia said the proceeds from the issuance will be used for working capital requirements, capital expenditure (including land acquisitions), syariah-compliant investments and general corporate purposes.
EcoWorld Malaysia’s profit after tax (PAT) rose 20% year-on-year to RM120.8mil for the third quarter ended July 31, 2026. For the nine-month period, PAT increased 36% to RM424.3mil.
Third-quarter revenue and gross profit increased by 28% and 19%, respectively, from a year earlier, driven by higher locked-in sales recognised during the period. Gross profit margin stood at 27.2%. — Agencies
