Kuala lumpur: George Kent (Malaysia) Bhd has announced the redemption of its Sukuk amounting to RM132.0 million, issued under its Sukuk Wakalah Programme. In a statement, it said the redemption was carried out in accordance with the terms and conditions of the programme and on its scheduled maturity date.

According to BERNAMA News Agency, the Sukuk was redeemed using the company's internal funds, reflecting George Kent's strong cash flow position and prudent financial management. "This successful redemption reflects the company's solid financial standing and commitment to meeting its financial obligations while preserving capital strength to support ongoing operations and future growth," the company said.

George Kent reiterated its commitment to actively manage its capital structure to ensure long-term financial resilience and sustainability, highlighting its focus on maintaining a strong financial foundation to support future initiatives and operations.