Naza TTDI CEO Daniel Lim Hin Soon
KUALA LUMPUR: Property developer Naza TTDI Sdn Bhd has established a Sukuk Murabahah programme of up to RM300mil in nominal value via its wholly-owned subsidiary Naza TTDI Capital Bhd.
The sukuk programme was lodged with the Securities Commission on April 22,2021 and this will allow Naza TTDI to issue sukuk over the next 15 years.
The sukuk programme will be backed by properties owned by Naza TTDI located in KL Metropolis.
Proceeds will be used for the development of KL Metropolis and other general corporate purposes.
Alliance Investment Bank Bhd is the principal adviser and lead arranger as well as the lead manager for the sukuk programme.