Scientex proposes RM500 million sukuk issue

PETALING JAYA: Scientex Bhd wholly-owned subsidiary, Scientex Quatari Sdn Bhd (SQSB), is planning a RM500 million in nominal value sukuk programme to be used for land or property acquisition, working capital and refinance its existing bank borrowings.
In stock exchange filing yesterday, the Industrial packaging and property group said SQSB had yesterday lodged with the Securities Commission Malaysia (SC) all the required information and relevant documents relating to the sukuk murabahah programme.
RHB Investment Bank Bhd is the principal adviser, lead arranger, lead manager and facility agent for the sukuk programme.