Vincent (left) presenting the RM16.2 million dividend to Pg Hassanel (right), witnessed by Musa (sixth right) and Linda (seventh right).
KOTA KINABALU: Sabah Credit Corporation (SCC) paid RM16.2 million dividend to the state government and RM1 million for payment of interest and loan to the state.
SCC will also be contributing zakat amounting to RM107,000 to the Sabah Tithe Centre for the financial year ended 2015.
Chief Minister Datuk Seri Panglima Musa Haji Aman yesterday witnessed the dividend payment when he received a courtesy call from the SCC board members led by its chairman, Datuk Linda Tsen at his official residence, Sri Gaya.
SCC chief executive officer Datuk Vincent Pung handed over the mock cheque to Finance Ministry permanent secretary Datuk Pengiran Hassanel Datuk Pg Haji Mohd Tahir.
Since 2002, when the state government started injecting capital into SCC, the corporation has already paid out a total gross dividend payment of over RM239 Million.
Quite an achievement for an organisation that started off in 1955 with a launching grant of RM1 million.
SCC is thankful to the state government for continuously and concretely supporting SCC, especially when it began to break itself free from its civil service foundation to become a more commercial entity.
The constant affirmations from the Chief Minister made it so much easier for the board and management to venture beyond its comfort zone and undertake more business ventures.
The board and management will continue to uphold the trust given to it by the government and its investors. Despite the very challenging business environment that SCC is operating in, SCC is confident that it is now well positioned to support the state government in developing the state.
SCC is very much focused in continuing its corporate social responsibility (CSR) programme that was officially started in 2005. To date it has committed a total sum of RM21 million for its CSR activities.
The priority focus of CSR programs are on children, women and the handicapped. To date SCC has built 31 school hostels amounting to RM7.9 million, nine orphanages for the children amounting to RM1.8 million and five rehabilitation centers for those with special needs for RM1 million.
Recently, SCC contributed RM1 million towards the library of the new St Francis Convent Secondary School at Bukit Padang.
SCC is also working closely with the Sabah State Medical Department to build a Patient Support Hostel at Queen Elizabeth Hospital. This hostel intends to provide decent accommodation for the rural poor who are required to accompany patients seeking medical treatment available only in Kota Kinabalu.
One of the biggest CSR programs so far by SCC is the contribution of the complex and management of the Urban Transformation Center (UTC) Sabah on behalf of the state government.