SapuraKencana TMC Sdn Bhd ("SKTMC") (a wholly-owned subsidiary of SapuraKencana Petroleum Berhad) had on 14 December 2015 signed a Murabahah Term financing facility (“Islamic Facility”) of up to USD2.1 billion (or its equivalent in MYR) with a consortium of Malaysian, regional and international banks.

The Islamic Facility is a 6-year multi-currency facility based on the Shariah principle of Murabahah and the proceeds raised shall be utilized to refinance SKTMC’s existing short term Islamic Facility. 

The Islamic Facility reflects SKPB Group’s continued commitment to retain its status as a Shariah-compliant security under the List of Shariah-Compliant Securities issued by the Shariah Advisory Council of the Securities Commission Malaysia.