SCIB unit secures RM34m Islamic banking facilities to redeem property, as working capital

KUALA LUMPUR (Sept 29): Sarawak Consolidated Industries Bhd (SCIB) has secured Islamic banking facilities of up to RM34 million, which will be used to redeem property, as working capital and operating expenditure.

Its wholly-owned subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) accepted the Islamic banking facilities from Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) on…