MBSB Bank Empowers MAG Holdings with RM180 Million Islamic Financing Facilities

Strategic Insights -

MBSB Bank has approved RM180 million in Islamic financing facilities for MAG Holdings Berhad to strengthen its operations across the halal aquaculture value chain. The financing will support MAG's working capital and capital expenditure needs, particularly in scaling its cold chain logistics, farming, and hatchery infrastructure, and halal seafood export capacity. This partnership reflects MBSB Bank's commitment to empowering high-growth industries that align with national agendas such as the Halal Industry Master Plan 2030 and Malaysia's food security roadmap.

Key Takeaways:

  • MBSB Bank has approved RM180 million in Islamic financing facilities for MAG Holdings Berhad to support its operations across the halal aquaculture value chain.
  • The financing will be structured through Term Financing-i and Trade Line Facilities-i to support MAG's working capital and capital expenditure needs.
  • The partnership reflects MBSB Bank's commitment to empowering high-growth industries that align with national agendas such as the Halal Industry Master Plan 2030 and Malaysia's food security roadmap.
  • MAG Holdings Berhad is one of the few integrated aquaculture players in Malaysia with the capacity to manage the end-to-end process from hatcheries and grow-out farms to processing, cold storage, and export.
  • The Group is well-positioned to scale its presence across key markets in Asia and the Middle East due to its strong halal certification protocols and increasing demand from both domestic and international buyers.
  • MBSB Bank's Group Chief Commercial Banking Officer, Che Nazari Che Azid, said the partnership reflects the bank's confidence in MAG's business model and commitment to sectors like aquaculture and halal food.
  • Stephen Ng, Executive Chairman of MAG Holdings Berhad, stated that the facility comes at a pivotal time as they expand production and strengthen their infrastructure.

Statistics:

  • RM180 million worth of Islamic financing facilities have been approved for MAG Holdings Berhad.
  • The financing will be structured through Term Financing-i and Trade Line Facilities-i to support MAG's working capital and capital expenditure needs.
  • MAG Holdings Berhad has the capacity to manage the end-to-end process from hatcheries and grow-out farms to processing, cold storage, and export.
  • The Group has strong halal certification protocols and increasing demand from both domestic and international buyers.
  • MBSB Bank has a presence as a purposeful, forward-looking Islamic financial institution that supports businesses across high-impact sectors.

Sources:

  • MBSB Bank Berhad
  • [Category: Banking and Financial Services, Logistics, Retail Banking, Banks, Funding Activities]

[Source: MBSB Bank Berhad]