KUALA LUMPUR: RHB Islamic Bhd (RHB Islamic Bank) has agreed to offer Lembaga Pengarah Amanah Kebajikan Masjid Negeri Sarawak with a RM300 million Istisna’/Ijarah Term Financing Facility.
RHB said the facility, with a financing tenure of 10 years, is intended for the construction of Baitul Makmur II, an 18-storey office/commercial building located in Kuching, Sarawak.
“Upon completion, Baitul Makmur II will house several Sarawak state ministries,” it said in a statement yesterday.
This deal would represent one of RHB Islamic Bank’s single largest financing loans to Sarawak state-related group of companies and reflects the RHB Banking group’s support to business activities in Sarawak, the bank added. — Bernama