{"id":17423,"date":"2025-02-13T20:00:00","date_gmt":"2025-02-13T12:00:00","guid":{"rendered":"https:\/\/www.glomac.com.my\/?p=17423"},"modified":"2025-05-01T18:23:12","modified_gmt":"2025-05-01T10:23:12","slug":"glomac-establishes-rm3bil-sukuk-wakalah-programme","status":"publish","type":"post","link":"https:\/\/www.glomac.com.my\/ms\/glomac-establishes-rm3bil-sukuk-wakalah-programme\/","title":{"rendered":"Glomac establishes RM3bil sukuk wakalah programme"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"460\" src=\"https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3165897.webp\" alt=\"\" class=\"wp-image-17424\" srcset=\"https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3165897.webp 700w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3165897-300x197.webp 300w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/05\/3165897-18x12.webp 18w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption>From left: Glomac Bina executive director FD Idzham FD Iskandar, Glomac group managing director\/chief executive officer, Datuk Seri FD Iskandar Mohamed Mansor, Maybank Investment Bank chief executive officer Michael Oh-Lau and Maybank group chief executive officer, Global Banking, Datuk John Chong.<\/figcaption><\/figure>\n<\/div>\n\n\n<p><strong>KUALA LUMPUR: <\/strong>Glomac Bhd has established an Islamic medium term notes programme of up to RM3 billion in nominal value, to be utilised for land acquisition, capital expenditure and working capital.<\/p>\n\n\n\n<p>Maybank Investment Bank Bhd is the sole principal adviser, sole lead arranger and sole lead manager while Maybank Islamic Bhd is the shariah adviser for the sukuk wakalah programme.<\/p>\n\n\n\n<p>In a statement here today, Glomac group managing director and chief executive officer Datuk Seri FD Iskandar FD Mansor said the RM3 billion sukuk wakalah programme will enhance the group&#8217;s financial reserves and allow for further land banking opportunities.<\/p>\n\n\n\n<p>&#8220;It will also enable Glomac to optimise some of its liabilities, which bear high interest rates. It gives access to capital whenever there is a need for it and is a strategic move by Glomac to be in a position where we have the capacity to undertake opportunities when they come by.<\/p>\n\n\n\n<p>&#8220;This initiative paves our way for enhanced financial stability and growth,\u201d he said <\/p>\n\n\n\n<p><strong>Source<\/strong>: The Star<\/p>","protected":false},"excerpt":{"rendered":"<p>THE STAR: Glomac Bhd has established an Islamic medium term notes programme of up to RM3 billion in nominal value, to be utilised for land acquisition, capital expenditure and working capital.<\/p>","protected":false},"author":7,"featured_media":17424,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[],"class_list":["post-17423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-content","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/comments?post=17423"}],"version-history":[{"count":1,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17423\/revisions"}],"predecessor-version":[{"id":17425,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17423\/revisions\/17425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/media\/17424"}],"wp:attachment":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/media?parent=17423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/categories?post=17423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/tags?post=17423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}