Solarvest To Establish RM1.0 Billion Sukuk Wakalah Programmes For Strategic Expansion

Kuala Lumpur, 28 June 2023 – Clean energy expert, Solarvest Holdings Berhad (“Solarvest” or the “Group”) has made a lodgement with the Securities Commission (“SC”) for the establishment of an Islamic Medium-Term Notes (“IMTNs”) programme (“IMTN Programme”) and an Islamic Commercial Papers (“ICPs”) programme (“ICP Programme”), with a combined limit of up to RM1.0 billion (“Sukuk Programmes”). Under the IMTN Programme, Solarvest may also issue Sustainable and Responsible Investment IMTNs (“Sustainability IMTNs”) in accordance with Solarvest’s Sustainability Sukuk Framework and the Sustainability Guidelines defined in SC Guidelines on Unlisted Capital Market Products. The credit rating agency, RAM Rating Services Berhad, has