Sapura Energy Signs RM700M Working Capital Facilities

Source: www.gulfoilandgas.com 2/26/2021, Location: Asia

Sapura Energy Berhad (“Sapura Energy”) a leading global integrated oil and gas services and solutions provider, announced that it has signed an Islamic Facilities Agreement of up to RM700 million with Maybank Islamic Berhad (“Maybank Islamic”). The financing tenure of this facility is up to five years.

The financing is in addition to working capital facilities of up to USD135 million secured from CIMB Bank Berhad (“CIMB”) in November 2019. The combined value of facilities from the two major banks is approximately RM1.2 billion.

The facilities with Maybank Islamic consist of murabahah revolving and invoice financing facilities whereas the facilities with CIMB is a multi-option line under trade financing.

With the gradual recovery in the energy sector, the working capital facilities will boost the Sapura Energy group of companies’ financial strength to execute existing projects and undertake future contracts globally.

Sapura Energy announced global contract wins of RM1.85 billion earlier this month, demonstrating the group of companies’ resilience in capturing opportunities in addressable markets and deliver its promises to clients and stakeholders.


Luxembourg >>  7/4/2022 - Subsea 7 S.A. announced transactions made in accordance with its share repurchase programme during the week commencing 27 June 2022.

Date ...

Malaysia >>  7/4/2022 - Rex International Holding Limited wishes to announce that its wholly owned subsidiary Pantai Rhu Energy Sdn Bhd (“PRE”) has engaged the Carlingford di...

Norway >>  7/4/2022 - TECO 2030 ASA leads a consortium with partners Umoe Mandal and BLOM Maritime to develop a hydrogen powered high-speed vessel with zero emissions. The ...
Norway >>  7/4/2022 - Please see below information about transactions made under the share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR).

Date on whi...


Norway >>  7/4/2022 - Bård Olsen, CFO of Magnora ASA, has purchased 24,000 shares in Magnora ASA (“Magnora”) today 4 July 2022 at an average price of NOK 18.2068 per share....
Bermuda >>  7/1/2022 - DHT Holdings, Inc. has during the second quarter purchased 2,826,771 of its own shares — equivalent to 1.7% of its outstanding shares — at an average ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.