KUALA LUMPUR (Sept 4): A wholly-owned unit of Ahmad Zaki Resources Bhd (AZRB) has lodged with the Securities Commission Malaysia, a RM535 million Sukuk Murabahah Facility, which is secured against a list of securities, including a guarantee from AZRB.

In a bourse filing, the group said its wholly-owned subsidiary AZRB Capital Sdn Bhd had lodged the facility, which tenure is 12 years from the date of issuance.

“The proceeds raised from the issuance will be advanced to AZRB for Shariah-compliant general working capital requirements and corporate purposes of AZRB,” the group said.

Malaysian Rating Corp Bhd has given the facility a preliminary long-term rating of AA- (stable outlook).

Maybank Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the proposed facility.

AZRB closed half a sen or 1.33% higher to 38 sen today, for a market capitalisation of RM227.21 million. Some 1.03 million shares were traded.