The proceeds raised from the Sukuk Wakalah programme are intended to be utilised for Shariah-compliant purposes of the company, including to fund capital expenditures, refinance existing financing or borrowings, fund working capital requirements and fund other corporate purposes, all of which must be Shariah-compliant.
JB Cocoa Malaysia has an option to upsize the limit of the Sukuk Wakalah Programme at any time, subject to certain pre-requisite conditions.
AmInvestment Bank is the principal adviser, the lead arranger and the lead manager for the
Sukuk Wakalah Programme, while AmBank Islamic Berhad is the shariah adviser for the Sukuk
Wakalah Programme.
Shares in JB foods closed at 49.5 cents flat on Aug 23.
