EXSIM Development Group successfully established its first landmark RM3bil financial programme comprising RM2bil sukuk musharakah IMTN programme and a RM1bil sukuk murabahah Islamic commercial papers (ICP) programme through a special-purpose financial vehicle, Exsim Capital Resources Bhd.
On Jan 30, Exsim issued a real estate unbilled sales-backed sukuk facility, which is the first structured transaction in Malaysia to monetise progress billings involving multiple development projects, allowing Exsim to more efficiently manage its project development cash flows.