Sime Darby Property NEV raises RM2.6bil Green Sukuk for data centres and logistics
Sime Darby Property NEV (Holdings) Sdn Bhd set up a RM2.6 billion Green Sukuk programme to finance build-to-suit data centres and industrial assets, according to a company statement on Tuesday.
Source: The Star · July 31, 2026 at 3:02 AM · AI-assisted report
Corroborated
KUALA LUMPUR, 31 JULY 2026 —
Sime Darby Property NEV (Holdings) Sdn Bhd set up a RM2.6 billion Green Sukuk programme to finance build-to-suit data centres and industrial assets, according to a company statement on Tuesday.
Market Impact
The issuer will use the proceeds to build hyperscale data centres in Elmina Business Park, with completion due in 2027 under a 20-year lease to a global technology company. Another tranche will fund a distribution warehouse in City of Elmina, fitted with automated storage systems and leased for 15 years to a local hypermarket operator.
Datuk Seri Azmin Merican, group managing director and CEO, said the Green Sukuk aligns with a Green Finance Framework independently reviewed by MARC Solutions, which awarded a Gold impact assessment. “The collaboration and support from Maybank, OCBC, and the Asian Development Bank reflect confidence in our long-term strategy and the resilience of our investment platform,” he said.
Maybank Investment Bank Bhd acted as principal adviser, lead arranger and facility agent, while OCBC Al-Amin Bank Bhd served as joint lead manager. Credit Guarantee & Investment Facility guaranteed the guaranteed tranche, with MTrustee Bhd appointed as Sukuk trustee.
The programme targets institutional-grade assets that generate recurring income and strengthen Malaysia’s digital infrastructure and logistics sectors. Sime Darby Property said the Elmina Business Park data centres will help meet surging demand from hyperscale cloud providers and corporate users.
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