RL&P News 30 July 2021

Advised Infracap Resources Sdn. Bhd. (a special purpose funding vehicle of the State Government of Sarawak) in relation to the issuance of Sukuk Murabahah of up to RM15 billion in nominal value based on the Shariah principle of Murabahah (via Tawarruq arrangement) to finance all fees, costs, and expenses associated with projects and strategic investments throughout Sarawak to be undertaken by the State Government of Sarawak.

All projects and strategic investments to be financed from the proceeds of the sukuk will have to comply with the Environment, Social and Governance (ESG) principles as prescribed under the United Nations Global Compact.

Advising Infracap Resources Sdn. Bhd. were Partners Azman bin Othman Luk and Geraldine Su.

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