Three Islamic banks are teaming up with Malaysian utility Sarawak Energy to set up an Islamic energy fund to finance up to US$6 billion (RM19.8 billion) in projects in Sarawak, one of the banks said yesterday. The parties are set to sign a memorandum of understanding in Sarawak next week, and plan to set up the fund with an initial size of around US$1 billion (RM3.23 billion), Asian Finance Bank chief executive Faisal Alshowaikh said. (Reuters, Business Times)
If you haven't noticed the glaringly obvious here...
Sarawak-based companies are hogging most of the limelight this week. And the pattern is likely to continue in weeks to come.
Just to remind you:
(1) UBG buying stakes in builders.
(2) Naim gets approval for the listing of its O&G arm, Dayang.
(3) The Sarawak Corridor of Renewable Energy (Score), a long-term development master plan encompassing a whole range of high-tech and energy intensive projects, will be launched by the Prime Minister on Feb 11.
(2) Naim gets approval for the listing of its O&G arm, Dayang.
(3) The Sarawak Corridor of Renewable Energy (Score), a long-term development master plan encompassing a whole range of high-tech and energy intensive projects, will be launched by the Prime Minister on Feb 11.
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