The Board of Directors of Ekovest Berhad announced that the company, has on 3 January 2022, successfully issued MYR 150.0 million in nominal value of Sukuk Murabahah with a tenure of one and a half (1.5) years to seven (7) years (First Tranche) under the Sukuk Murabahah Programme. Proceeds from the First Tranche may be utilised by the Company: to finance and/or reimburse for the investment activities, capital expenditure, working capital requirements and/or other general corporate purposes of the Company and/or any member of the group (via inter-company advances); to fund the First Tranche Profit Reserve; to defray fees, costs and expenses in relation to the Sukuk Murabahah Programme; and to fund the required deposit amount into the Trustees' Reimbursement Account.