JB Foods Unveils Third Sukuk Wakalah Issuance

JB Foods Ltd. (SG:BEW) has released an update.

JB Foods Limited has announced the third issuance of Sukuk Wakalah slated for 18 March 2024, with a RM 100 million nominal value and a 5.90% semi-annual distribution rate. The proceeds will be utilized for Shariah-compliant purposes including capital expenditures, refinancing, working capital, and other corporate needs. AmInvestment Bank Berhad and AmBank Islamic Berhad are key advisors and managers for the program.

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