Pos Malaysia accepts rm500m credit facilities
Published on: Friday, September 21, 2018
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.Stay up-to-date by following Daily Express’s Telegram channel.
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"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. – BernamaADVERTISEMENT Photo Source: Bernama