KUALA LUMPUR (April 21): Based on corporate announcements and newsflow today, companies in focus on Thursday (April 22), may be as follows: Malaysia Marine and Heavy Engineering Holdings Bhd, Tasco Bhd, Axis Real Estate Investment Trust, Luxchem Corp Bhd, Widad Group Bhd, BIMB Holdings Bhd, CIMB Group Holdings Bhd, Telekom Malaysia Bhd, Malayan Banking Bhd and Hong Leong Bank Bhd.
Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) disclosed today that the value for the engineering, procurement, construction, transportation and installation, and hook-up and commissioning services (EPCIC) contract secured from SapuraOMV Upstream (Sarawak) Inc is RM1 billion. The duration of the contract in the Jerun gas field, which lies in the SK408W block off the coast of Bintulu, is 40 months. The group had announced the contract awarded to its wholly-owned unit Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) last Thursday.
KUALA LUMPUR: Bank Islam Malaysia Bhd’s parent company BIMB Holdings Bhd is on track to complete its restructuring in August and will reveal details on its five-year post-restructuring plan on Wednesday. Further updates on the restructuring status, the post-restructuring plan and the way forward for the financial services group will be revealed next week on April 21,” Bank Islam chief executive officer Mohd Muazzam Mohamed told reporters on the sidelines of the bank s AMAL Ihtimam Ramadan Bank Islam 2021 programme today.
To recap, BIMB Holdings is in the midst of a restructuring exercise that will see Bank Islam taking over its Main Market listing status.
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BIMB Investment chairman Mohamed Ridza Mohamed Abdulla said the Makmur myWakaf Fund is unique as it combines Shariah-based principles in mobilising funds for the betterment of society.
KUALA LUMPUR: BIMB Investment Management Bhd launched the Makmur myWakaf Fund (MWF) on Wednesday which is for investors who wish to channel a part of their investment returns for wakaf purposes to underprivileged communities in Malaysia.
BIMB Investment is the first fund management company to structure and design a wakaf unit trust fund, hence, introducing a new investment dimension into the fund management industry in Malaysia.
In a statement, BIMB Investment, a unit of Bank Islam Malaysia Bhd, said this is the first Wakaf featured unit trust fund under the Securities Commission Waqf-Featured Fund Framework that was introduced on Nov 12,2020.