13-05-2025
- Business
- New Straits Times
Maybank Investment named sole adviser, lead manager for Sabah Energy's maiden sukuk
KUALA LUMPUR: Maybank Investment Bank Bhd has been appointed as Sabah Energy Corp Sdn Bhd's sole principal adviser, lead arranger and lead manager for its inaugural sukuk.
The investment bank was also appointed as Sabah Energy's sustainability structuring adviser for its sustainable finance framework.
Maybank Investment chief executive officer Michael Oh-Lau said Sabah is at an inflection point in its renewable energy journey, with untapped potential in solar, bioenergy and geothermal.
"Maybank as a regional leader in Islamic debt capital markets and sustainable finance-partnering with Sabah Energy to establish a Shariah-compliant, sustainability-ready funding platform to support its energy transition efforts and direct capital towards developing the state's energy resources," he said in a statement.
Sabah Energy convened its inaugural ESG Forum 2025 under a theme 'From Intention to Impact: Building a Fit-for-Purpose ESG Future' at Menara SEC in Kota Kinabalu.
The event brought together over 100 delegates from state agencies, government-linked companies, financial institutions and sustainability practitioners, with the aim of fostering collaboration and accelerating ESG adoption across Sabah's energy sector and beyond.
Sabah Energy chairman Datuk Annuar Ayub emphasised the importance of ESG, not just as a reporting tool but as a strategic lever for long-term competitiveness and resilience.
He lauded the forum as a defining step in embedding sustainability as a shared value across Sabah's institutional ecosystem.
