SapuraKencana Petroleum Bhd’s full-year net profit rose 31.8 per cent to RM1.43 billion from RM1.09 billion a year ago, led by its drilling and energy services segment.
SapuraKencana Petroleum Bhd said on Thursday it has signed a $2.3 billion Islamic loan with 11 lenders. The transaction, which will convert part of the company’s conventional borrowing into a syariah-based facility, is Malaysia’s largest ever.
In a move to prepare its re-entry into the list of syariah-compliant stocks, SapuraKencana Petroleum Bhd has signed a US$2.3bil (RM8.15bil) equivalent Islamic facility agreement, converting a portion of its existing multi-currency loan.
SapuraKencana Petroleum Bhd has appointed Chow Mei Mei as its new CFO. Chow Mei Mei will replace Tengku Muhammad Taufik Tengku Kamadjaja Aziz effective 8 January 2015.