George Kent Issues RM80 Mln Sukuk

KUALA LUMPUR, March 27 (Bernama) -- George Kent (Malaysia) Bhd has announced its issuance of sukuk amounting to RM80.0 million in nominal value pursuant to its sukuk wakalah programme.

In a statement, the engineering company said the issuance was completed in accordance with the programme’s terms and formed part of the company’s strategy to maintain a balanced and sustainable capital structure.

“This successful exercise reflects the company’s continued access to the capital markets, demonstrating investor confidence in George Kent’s credit strength and long-term prospects.

“George Kent remains focused on prudent capital management and will continue to evaluate funding options that align with its strategic objectives and enhance long-term shareholder value,” it said.

-- BERNAMA