QI launches RM100m sukuk to finance development of university campus

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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.

 

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