Sime Darby Property establishes RM2.6 bil green sukuk programme

KUALA LUMPUR, 29 JULY 2026 —

Sime Darby Property Bhd's New Economy Venture platform has established a sukuk programme of up to RM2.6 billion to finance the development of build-to-suit-to-lease data centres and industrial assets, according to a joint statement by the company, Asian Development Bank, Credit Guarantee and Investment Facility, Maybank Investment Bank Bhd, and OCBC Al-Amin Bank Bhd.

The programme will also finance a build-to-suit distribution warehouse with advanced automated storage and retrieval systems, located in the City of Elmina, it added.

Maybank IB is the principal adviser, lead arranger, and facility agent for the sukuk programme, while Maybank IB and OCBC Al-Amin Bank serve as joint lead managers, with CGIF as the financial guarantor for the guaranteed tranche, the statement said.

The transaction is underpinned by Maybank IB and the ADB acting as joint sustainability structuring advisers for the sukuk programme, Maybank Islamic Bhd as the shariah adviser, OCBC as the security agent, and MTrustee Bhd as the sukuk trustee, it added.

The green sukuk aligns with Malaysia's accelerating digital economy ambitions, according to the statement, which said Sime Darby Property continues to strengthen its position as a leading developer of large-scale build-to-suit digital infrastructure for multinational technology companies.

The initiative reinforces the group's strategy of expanding its recurring income, while catalysing innovative funding structures into one of Malaysia's fastest-growing economic sectors, the statement said.

In a separate development, Lagenda Properties Bhd announced the subscription of the inaugural RM475 million sukuk wakalah under its RM1.5 billion sukuk programme, with AmBank Group committing RM400 million as the primary subscriber, marking the property developer's first entry into Malaysia's Islamic debt capital market.

Lagenda Properties managing director Datuk Jimmy Doh said the inaugural sukuk programme marked a significant milestone in strengthening the group's capital foundation, as it continues to expand its affordable housing developments nationwide, according to a separate joint statement.

AmBank Group managing director of business banking Christopher Yap said the bank was honoured to support Lagenda's inaugural sukuk programme, which provides a and flexible funding platform to support the group's continued expansion, while reinforcing disciplined financial management, the statement said.

Related: Sime Darby