Earlier this year, Sapura Energy saw the departure of its long standing CEO Tan Sri Shahril Shamsudin, who retired after leading Sapura Energy since July 2003. In February, Sapura Energy had obtained a loan facility of up to RM700mil from Maybank. That resulted in a series of impairments by Sapura Energy that took place from 2017 to 2020. Earlier this year, Sapura Energy saw the departure of its long standing CEO Tan Sri Shahril Shamsudin, who retired after leading Sapura Energy since July 2003. “We believe Sapura Energy will be in the black from FY22 after being in the red for four consecutive years,” it said.

Source: The Star September 24, 2021 23:48 UTC