George Kent Completes RM132 Mln Sukuk Redemption

KUALA LUMPUR, March 26 (Bernama) -- George Kent (Malaysia) Bhd has announced the redemption of its Sukuk amounting to RM132.0 million, issued under its Sukuk Wakalah Programme.

In a statement, it said the redemption was carried out in accordance with the terms and conditions of the programme and on its scheduled maturity date.

The Sukuk was redeemed using the company’s internal funds, reflecting George Kent’s strong cash flow position and prudent financial management.

“This successful redemption reflects the company’s solid financial standing and commitment to meeting its financial obligations while preserving capital strength to support ongoing operations and future growth.

“George Kent will continue to actively manage its capital structure to ensure long-term financial resilience and sustainability,” it said.

-- BERNAMA