StanChart, Tabung Haji ink MoU on financing facility
The Edge Markets - Malaysia·2019-12-18 13:35
KUALA LUMPUR (Dec 18): Standard Chartered Saadiq Bhd, a subsidiary of Standard Chartered Bank Malaysia Bhd, has entered into a multifaceted long-term collaboration with Lembaga Tabung Haji (TH) involving the latter’s overseas properties as well as travel business.
The bank said it has extended a two-year Shariah-compliant financing facility totalling 65 million British pound to two wholly-owned subsidiaries of TH for the refurbishment and refinancing of office properties in the United Kingdom.
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