DNeX is pleased to announce that it has on 31 March 2026, lodged the Sukuk Wakalah Programme with the Securities Commission Malaysia ("SC") pursuant to the SC's Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework ("SC LOLA Guidelines").
The Sukuk Wakalah Programme is a perpetual programme that allows for the issuance of Sukuk Wakalah from time to time, provided that the aggregate outstanding nominal value of Sukuk Wakalah shall not exceed RM3.0 billion at any point in time.
The Sukuk Wakalah Programme has been assigned ratings of A1/Stable for the Senior Sukuk Wakalah and A3/Stable for the Perpetual Sukuk Wakalah by RAM Rating Services Berhad ("RAM Rating").
The Sukuk Wakalah Programme allows for the issuance of both senior and subordinated perpetual sukuk. The programme also provides DNeX with flexibility to issue Sustainability and/or Sustainability-Linked Sukuk in line with applicable local, regional and global guidelines/standards, as issued by the SC, the ASEAN Capital Markets Forum and the International Capital Market Association.
RAM Sustainability Sdn Bhd has accorded a Gold Sustainable Finance Rating following its second-party opinion assessment of DNeX's Sustainable Finance Framework.
The proceeds from the Sukuk Wakalah issued under the Sukuk Wakalah Programme shall be utilised by DNeX and its subsidiaries ("Group") for:
- working capital requirements;
- refinancing and repayment of existing conventional borrowings of the Group (whether in whole or in part) and refinancing and payment of existing and/or future Islamic financing facilities of the Group (whether in whole or in part);
- general corporate purposes;
- general investments;
- capital expenditure; and/or
- defray all fees and expenses in relation to the establishment of the Sukuk Wakalah Programme.
None of the directors, major shareholders and/or persons connected to the directors and/or major shareholders of the Company has any interest, direct or indirect, in the Sukuk Wakalah Programme.
CIMB Investment Bank Berhad and Maybank Investment Bank Berhad are the Joint Principal Advisers, Joint Lead Arrangers, Joint Lead Managers and Joint Sustainability Structuring Advisers for the Sukuk Wakalah Programme. CIMB Investment Bank Berhad is the sole Facility Agent, while CIMB Islamic Bank Berhad and Maybank Islamic Berhad are the Joint Shariah Advisers.
This announcement is dated 1 April 2026.