Malaysian engineering and construction company Gamuda Bhd is partnering OCBC Malaysia for its inaugural Shariah-compliant sustainability-linked financing facility. OCBC Malaysia will be the sole sustainability structuring adviser for this project totalling up to RM550 million. The agreement is aligned with Gamuda’s Green Plan 2025 and reinforces the group’s sustainability agenda, particularly in reducing carbon emissions. OCBC Bank (M) managing director, senior banker, and head of investment banking Tan Ai Chin said, “This ESG-linked financing solution would create another new benchmark in Malaysia, especially given that it embeds the Islamic principles of value-based intermediation financing with an added feature of a derivative solution to effectively manage financial risks.

Source: The Star