AmBank grants RM300 million financing facilities to Uzma Berhad in support for its Operational Efficiency and Sustainability agenda

AmBank Group has granted RM300 million financing facilities to Uzma Engineering Sdn Bhd (UESB), a wholly owned subsidiary of Uzma Berhad and a leading energy and technology solutions provider. The purpose of the financing is to support key contracts awarded by PETRONAS Carigali Sdn. Bhd. (“PCSB”) which is the oil and gas exploration and production subsidiary of Petroliam Nasional Berhad (PETRONAS). These include Provision of Hydraulic Workover and Plug & Abandonment Operations (Package A: 340K HWU Rig & Package B: 460K HWU Rig), which was awarded in May 2023; and contract extension for the Provision of Leasing, Operation, and Maintenance