KUALA LUMPUR (Jan 8): Sunway Bhd (KL:SUNWAY) said on Thursday that its unit has proposed a sukuk wakalah programme of up to RM10 billion to fund working capital and refinancing of borrowings. Sunway Treasury Sdn Bhd, a wholly-owned subsidiary of Sunway City Sdn Bhd, which is in turn wholly-owned by Sunway, has lodged the required documents with the Securities Commission Malaysia for the sukuk programme, according to a bourse filing. The sukuk programme has a perpetual tenure, while each issuance will carry a tenure of more than one year, to be determined prior to issuance. Proceeds from the sukuk will be used for capital expenditure, investments, general corporate purposes, working capital requirements, refinancing existing shariah-compliant or conventional borrowings, covering programme-related fees, and providing inter-company advances within the Sunway Group. Last month, another Sunway unit, Sunway Cochrane Sdn Bhd, proposed a sukuk wakalah programme of up to RM2 billion to support working capital and expansion plans.

Source: The Edge Markets January 08, 2026 10:28 UTC