AmBank Grants RM130 Million Green Financing for E&O-KWAP Penang Property Venture

AmBank Group, a leading financial institution in Malaysia, has recently provided a significant green financing facility worth RM130 million to Persada Mentari Sdn Bhd (PMSB), a subsidiary of Eastern & Oriental Bhd (E&O) and KWEST Sdn Bhd. The financing aims to support the development of the Arica @ Andaman Island project in Penang and upcoming ventures on the island. This collaboration highlights the growing importance of sustainable financing and its positive impact on the environment and the Malaysian economy. The Arica @ Andaman Island project, spearheaded by E&O, is a unique concept that embraces sustainable living, excellent connectivity, and lush