Malaysia’s EcoWorld Makes Maiden MYR 550 Million Sukuk Offering under Sukuk Wakalah Programme 

Malaysia-based Eco World Capital Berhad, the wholly-owned subsidiary of Eco World Development Group Berhad (EcoWorld), has announced the successful issuance of its maiden offering of five-year tenured MYR 550 million (USD 106 million) Sukuk under its MYR 1.2 billion (USD 254) Sukuk Wakalah Programme, as per a filing with Bursa Malaysia.

Why it Matters?

Proceeds from the offering will be used for investments that adhere to Shariah, capital expenditures, and working capital needs. Additionally, it will be used for general corporate purposes, and the refinancing of any outstanding debt, or shariah-compliant financing obligations that may occur in the future.

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