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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Scomi gets nod for Sukuk plan

Posted on 16 December 2011

Scomi Group Bhd has received approval from the Securities Commission to issue sukuk worth RM343.1mil in nominal value with tenure ranging from one to seven years.
The sukuk will be issued via its indirect subsidiary KMCOB Capital Bhd, which is a wholly-owned subsidiary of Scomi Oiltools Bermuda Ltd. The latter is a wholly-owned subsidiary of Scomi Oilfield Limited, which in turn is a 76.1% subsidiary of Scomi Group………………………………………..Full Article: Source

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