Govt to bear RM10.3b in Tabung Haji’s rescue and restructuring plan

Govt to bear RM10.3b in Tabung Haji’s rescue and restructuring plan

the Sun Daily - Local·2019-11-14 11:40

KUALA LUMPUR: The government will bear RM10.3 billion premium to ensure the financial health of Lembaga Tabung Haji (LTH) is restored as part of the rescue and restructuring plan of the pilgrimage fund, Urusharta Jamaah Sdn Bhd (UJSB) announced today.

UJSB, which is a wholly-owned unit of the Ministry of Finance (MoF) completed the transfer of non-performing assets valued at RM9.63 billion held by LTH in December last year.

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