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Announcements

The Board of Directors of Ekovest Berhad (“Company”) is pleased to announce that the Company, has on 3 January 2022, successfully issued RM150.0 million in nominal value of Sukuk Murabahah with a tenure of one and a half (1.5) years to seven (7) years (“First Tranche”) under the Sukuk Murabahah Programme. 

The Sukuk Murabahah Programme has a tenure of up to twenty (20) years from the first issuance date. The tenure of each Sukuk Murabahah to be issued under the Sukuk Murabahah Programme shall be between one (1) year and up to twenty (20) years, provided always that the relevant Sukuk Murabahah matures on or prior to the expiry of the Sukuk Murabahah Programme.

Proceeds from the First Tranche may be utilised by the Company:

1. to finance and/or reimburse for the investment activities, capital expenditure, working capital requirements and/or other general corporate purposes of the Company and/or any member of the group (via inter-company advances);
2. to fund the First Tranche Profit Reserve;
3. to defray fees, costs and expenses in relation to the Sukuk Murabahah Programme;
4. to fund the required deposit amount into the Trustees’ Reimbursement Account.

MIDF Amanah Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager and Astramina Advisory Sdn Bhd is the Financial Adviser for the Sukuk Murabahah Programme.

This announcement is dated 3 January 2022.