Air Selangor to Issue MYR 10 Billion Sustainability Sukuk

The Selangor state administration has announced the upcoming issue of the Air Selangor Sustainability Sukuk worth MYR 10 billion. According to Menteri Besar Dato’ Seri Amirudin Shari, the Sukuk will be issued under Pengurusan Air Selangor (Air Selangor), with a maturity period of between one and twenty years.

This issuance is a part of the Selangor administration’s MYR 35.42 billion plan to enhance and upgrade water infrastructure within the state over the next thirty years. Expected investment for 2020 is MYR 429 million, whilst 2021 will see an anticipated MYR 3.2 billion invested in the development project.

Speaking at the State Legislative Assembly on the 13th of Jul...