Published on 18 Sep 2024.
RAM Ratings has received confirmation that Al Dzahab Assets Berhad fully redeemed its outstanding Tranche 4 RM40.0 mil Class A and RM35.0 mil Class B Sukuk Murabahah on 11 September 2024. Class B was redeemed on the expected maturity date and ahead of the legal maturity date of 11 March 2026. We have accordingly withdrawn the AAA/Stable ratings of Classes A and B and no longer have any rating obligation in respect of the said sukuk. The ratings were published on 14 May 2024 (click here).
We will continue to provide coverage of the remaining outstanding tranche (Tranche 5) under Al Dzahab’s RM900 mil Sukuk Murabahah Asset-Backed Securitisation Programme. The transaction involves the securitisation of personal financing facilities extended to civil servants, originated through the business partners of RCE Marketing Sdn Bhd, a wholly owned subsidiary of RCE Capital Berhad.
Analytical contacts
Zachary Tan
(603) 3385 2612
zachary@ram.com.my
Lim Chern Yit
(603) 3385 2528
chernyit@ram.com.my
Media Contact
Sakinah Arifin
(603) 3385 2500
sakinah@ram.com.my
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