George Kent redeems RM132mil sukuk

KUALA LUMPUR: George Kent (M) Bhd has successfully redeemed RM132mil of its sukuk under its Sukuk Wakalah Programme on the scheduled maturity date.

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

“This successful redemption demonstrates our solid financial standing and commitment to meeting obligations while maintaining capital strength for ongoing operations and future growth,” the company said.

George Kent added that it will continue to actively manage its capital structure to ensure long-term financial resilience and sustainability.