Maybank Islamic Signs Financial Agreement with Utusan Melayu

Maybank Islamic has entered into a financial facility agreement with media conglomerate Utusan Melayu to provide RM17.63 million (US$5.9 million) via Commodity Murabahah term financing-i. The financing will be used to purchase press equipment and additional printing machines. The funds will also be used to finance the infrastructure, mechanical, electrical and utilities work cost for Utusan’s printing plants in the states of Johor and Terengganu.