TDM Signs Sukuk Wakalah Agreement to Drive Sustainable Growth

DM has announced the signing of a Sukuk Wakalah Programme agreement with Affin Hwang Investment Bank Berhad and Maybank Investment Bank Berhad. The signing ceremony was held at DoubleTree by Hilton Kuala Lumpur and witnessed by YBM Tengku Seri Bijaya Raja, Chairman of TDM Berhad, YBhg. Dato’ Paduka Syed Mashafuddin Syed Badarudin, Chief Executive Officer of Affin Islamic Bank Berhad, and YM Tengku Ariff Azhar Tengku Mohamed, Chief Operating Officer of Maybank Investment Bank Berhad.

This Sukuk Wakalah Programme is a Shariah-compliant financial structure, through which TDM will responsibly utilize the funds raised to strengthen its financial position and drive growth. The initiative marks a strategic step by TDM in diversifying its funding sources to reinforce operations and expand investments in both the plantation and healthcare sectors.

With the signing of this agreement, TDM remains committed to continuous innovation in the plantation and healthcare industries while upholding sustainability principles and good governance.