“Sunway Bhd has proposed a sukuk wakalah programme of up to RM10 billion to fund working capital, capital expenditure and refinancing of borrowings.”
Kuala Lumpur, 09th January 2026, 02.12pm – Sunway Bhd has proposed the establishment of a sukuk wakalah programme with a limit of up to RM10 billion to support its funding requirements, including working capital and refinancing activities.
In a filing with Bursa Malaysia, the group said the proposal was submitted through Sunway Treasury Sdn Bhd, a wholly owned subsidiary of Sunway City Sdn Bhd, which is in turn fully owned by Sunway. The necessary documents have been lodged with the Securities Commission Malaysia.
The proposed sukuk programme will have a perpetual tenure, while each issuance under the programme will carry a maturity of more than one year, to be determined at the point of issuance. Sunway will provide a corporate guarantee for the first issuance.
Proceeds raised from the sukuk programme will be utilised for a range of purposes, including capital expenditure, investments, general corporate needs, working capital, refinancing existing shariah-compliant or conventional borrowings, payment of programme-related expenses, and inter-company financing within the Sunway Group.
OCBC Al-Amin Bank Bhd has been appointed to act as the principal adviser, lead arranger, lead manager, sustainability structuring adviser and shariah adviser for the sukuk programme.
The proposal follows a similar move by another Sunway subsidiary last month, when Sunway Cochrane Sdn Bhd announced plans for a sukuk wakalah programme of up to RM2 billion to support its working capital and expansion initiatives.
As at end-September 2025, Sunway reported cash and bank balances amounting to RM6.52 billion, alongside short-term borrowings of RM6.34 billion and long-term debt totalling RM6.08 billion.
Sunway shares closed unchanged at RM5.58 on Thursday, giving the group a market capitalisation of approximately RM38 billion.
