QI launches RM100m sukuk to finance development of university campus

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

PETALING JAYA: QI group has launched its Sukuk Ijarah Programme worth RM100 million to raise funds for land acquisition and construction of its propos...

From left: BPMB group CEO Roni Abdulwahab, group corporate & investment banking managing director Mohamed Nazri Omar, corporate banking & advisory group head Wee Yee Tat, Kuna, QI group chairman Datuk Seri Vijay Eswaran and QIU chancellor Tun Arifin Zakaria at the signing ceremony.QI group has launched its Sukuk Ijarah Programme worth RM100 million to raise funds for land acquisition and construction of its proposed Quest International University campus in Ipoh, Perak.

According to QI Capital CEO Shekhar Balasubramaniam, the 10-acre campus, which will be located in Gunung Lang, is expected to start construction in the second half of next year and to be completed within three years. Its group managing director Kuna Senathirajah shared that currently it has an enrolment of about 2,000 students and has reached full capacity in Perak.

Kuna said the overall cost for the whole campus, including the land, will be in the range of RM120 million to RM150 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines