Establishment of an unrated Sukuk programme of up to MYR1 billion in nominal value based on the Shariah principle of Murabahah (via Tawarruq arrangement) by SOP Capital Sdn. Bhd.

RL&P News 29 January 2021

Partner Kelvin Loh of Rahmat Lim & Partners advised OCBC Al-Amin Bank Berhad as principal adviser, lead arranger and lead manager in relation to the establishment of an unrated Sukuk programme of up to MYR1 billion in nominal value based on the Shariah principle of Murabahah (via Tawarruq arrangement) by SOP Capital Sdn. Bhd. to, inter alia, part-finance and/or part-reimburse Sarawak Oil Palm Berhad’s and/or its subsidiaries’ (“Group”) upstream and downstream businesses and oil palm/oil palm related investments, and refinance existing financing or borrowings of the Group.