UEM EDGENTA'S SUKUK PROGRAMME RECEIVES AAIS RATING UPGRADE, REFLECTING FINANCIAL STRENGTH AND STRATEGIC PROGRESS

KUALA LUMPUR, Dec 19 (Bernama) -- UEM Edgenta Berhad (UEM Edgenta), a leading asset management and infrastructure solutions company in the region, has had its Islamic Medium-Term Notes (IMTN) under its RM1.0 billion Sukuk Murabahah Programme, with the outstanding Sukuk standing at RM250.0 million, upgraded to AAIS from AA-IS   by MARC Ratings Berhad (MARC Ratings) for the first time since the rating was first assigned in 2017. This upgrade highlights UEM Edgenta’s strong financial position, consistent business growth, and exceptional operational capabilities across its core segments, including Healthcare Support Services, Property and Facility Management, Infrastructure Services and Asset Consultancy.

In its announcement, MARC Ratings highlighted UEM Edgenta’s sustained ability to generate consistent cash flows, underpinned by its diversified revenue base and long-term contracts. For the first nine months of 2024 (9M2024), newly secured contracts continued to grow, reaching RM2.3 billion (2023: RM2.0 billion), with healthcare solutions contributing 80%. This includes RM900 million worth of contracts for Healthcare Support Services in Singapore, spanning a period of five (5) years.