Dialog Group Berhad Plans to Raise up to MYR 3 Billion via Perpetual Sukuk Wakalah

Dialog Group Berhad (Dialog), a Malaysian-based technical service provider in the oil, gas and petrochemical industries, has lodged a perpetual Sukuk programme of up to MYR 3 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar, with the Securities Commission Malaysia, according to a bourse filing.

The Sukuk programme enables Dialog the flexibility to issue Senior Islamic medium-term notes (MTN) (Senior Sukuk) and/or Subordinated Perpetual Islamic Notes (Subordinated Sukuk), under a combined limit of MYR 3 billion.

Dialog plans to use proceeds raised from the Sukuk programme to finance its investments, acquisitions, capital expenditure, and working ca...