Swift Haulage Arranges MYR 500 Million Sukuk, Obtains MYR 231 Million Working Capital Facilities

Swift Haulage Sdn Bhd (Swift Group), a Malaysian-based integrated logistics services provider, has arranged a MYR 500 million unrated Sukuk programme, in addition to securing MYR 231 million in working capital financing facilities, according to local media reports.

The logistics provider has secured MYR 531 million in financing, comprising MYR 300 million of the first tranche from its unrated Sukuk programme, as well as MYR 231 million in working capital facilities from AmBank Islamic, OCBC Al-Amin Bank and United Overseas Bank (UOB) Malaysia.

Proceeds from the Sukuk Programme, which is based on Murabahah via Tawarruq, will be used to refinance Swift Group’s current facilitie...