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NewsAZRB seals RM458.3m financing for teaching hospital project (7078)
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AZRB seals RM458.3m financing for teaching hospital project (7078)
by hlk Wed 11 Jul 2012, 23:25
KUALA LUMPUR: Ahmad Zaki Resources Bhd's (AZRB)
unit has secured a syndicated Islamic term financing-i facility of
RM458.35mil from three local banks to finance the development of a
teaching hospital in Kuantan.
AZRB said on Wednesday its unit Peninsular Medical Sdn Bhd had executed the financing agreements with CIMB Investment Bank Bhd, Bank Kerjasama Rakyat Malaysia Bhd and Bank Muamalat Malaysia Bhd.
It added the facility would be based on the Shariah principles of Bai' al-'nah and commodity Murabahah comprising two tranches.
The first tranche was up to RM443.49mil and the second trance of up to RM14.85mil.
AZRB
said tranche one was up to a maximum 15 years, starting from the date
of the first disbursement while tranche two was up to 60 months.
unit has secured a syndicated Islamic term financing-i facility of
RM458.35mil from three local banks to finance the development of a
teaching hospital in Kuantan.
AZRB said on Wednesday its unit Peninsular Medical Sdn Bhd had executed the financing agreements with CIMB Investment Bank Bhd, Bank Kerjasama Rakyat Malaysia Bhd and Bank Muamalat Malaysia Bhd.
It added the facility would be based on the Shariah principles of Bai' al-'nah and commodity Murabahah comprising two tranches.
The first tranche was up to RM443.49mil and the second trance of up to RM14.85mil.
AZRB
said tranche one was up to a maximum 15 years, starting from the date
of the first disbursement while tranche two was up to 60 months.
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