MAH SING Group Bhd has successfully completed the issuance of RM250 million in secured, unrated Islamic medium term notes (Sukuk Murabahah) under its upsized RM2 billion programme.

The five-year Sukuk, with a fixed annual profit rate of 4.5%, is secured by assets owned by the company’s subsidiaries and designated accounts.

The proceeds will be used for Shariah-compliant purposes, including land banking, capital expenditures, investments, working capital, and refinancing existing borrowings.

This issuance supports Mah Sing’s growth strategy and enhances its financial flexibility.

The group’s share price closed at RM1.73, up 1.14%, with a market capitalisation of RM4.42 billion. — TMR