Launch Partners

Thursday, May 30, 2024

Launch Partners

UDA Holdings establishes RM1 billion (US$221.09 million) Sukuk Wakalah program

MALAYSIA: UDA Holdings has established a RM1 billion (US$221.09 million) Sukuk Wakalah program, ISFI has learned. The funds from the issuance will be used as revolving capital for the financing of commercial, housing, industrial and Waqf development projects.

MARC Ratings has assigned a ‘MARC-1IS/AA-IS’ rating to the facility.

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