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Pos Malaysia accepts rm500m credit facilities
Published on: Friday, September 21, 2018
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Pos Malaysia accepts rm500m credit facilities
Kuala Lumpur: Pos Malaysia Bhd has accepted and will execute a seven-year tenure Commodity Murabahah Term Financing-i worth RM500 million granted by Maybank Islamic Bhd.In a filing to Bursa Malaysia on Thursday, the company said the facilities would be utilised to invest in e-commerce and courier businesses in relation to its intention to transform the group into an integrated logistics provider.

"The facilities will be utilised to finance the investment in the capital expansion programmes of Pos Malaysia and its subsidiaries, and for purposes in accordance to Shariah principle. – Bernama

Photo Source: Bernama




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