KUALA LUMPUR: Sarawak Consolidated Industries Bhd’s (SCIB) wholly-owned subsidiary, SCIB Concrete Manufacturing Sdn Bhd, has accepted Islamic banking facilities totalling RM48 million from Affin Islamic Bank Bhd.
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$SCIB / 9237 (SARAWAK CONSOLIDATED INDUSTRIES BERHAD) SCIB Secures RM70 Million Financial Facility From SME Bank
Sarawak Consolidated Industries Berhad announced that it had secured an Islamic banking facilities amounting to RM70 million from SME Bank.
The group has structured two major facilities from the Bank to enhance its financial operations and project execution capabilities. The first, a Kafalah (Bank Guarantee-i) facility valued at RM15 million, is designated for issuing performance guarantees. This facility is applicable to contracts awarded by a diverse range of entities including Federal Government Ministries, Departments, or Agencies; State Government Bodies, Agencies, or Companies; Statutory Bodies or Other Semi-Government Agencies; as well as Government Linked Companies (GLCs) and their subsidiaries, and Government Link Investment Companies (GLICs) and their subsidiaries, provided these entities hold a minimum of 51% shareholding by the government or its entities.
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KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) registered a net profit of RM755,000 in the third quarter (Q3) ended March 31, 2024 from a net loss of RM1.03 million a year earlier from its manufacturing and construction/engineering, procurement, construction and commissioning (EPCC) business.
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KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB), which posted a small net profit in the third quarter ended March 31 (3Q24), is confident of maintaining its profitability going forward, according to managing director Ku Chong Hong.
MEMORANDUM OF UNDERSTANDINGSarawak Consolidated Industries Berhad ("SCIB" or "the Company")
- The status of the Memorandum of Understanding
KUALA LUMPUR: Sarawak Consolidated Industries Bhd's (SCIB) unit SCIB Properties Sdn Bhd has signed a settlement cum appointment of contractor agreement with Awana JV Suria Saga Sdn Bhd to strengthen its position in the construction sector.
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KUALA LUMPUR: Sarawak Consolidated Industries Bhd’s (SCIB) wholly-owned subsidiary, SCIB Properties Sdn Bhd (SCIBP) has entered into a comprehensive settlement cum appointment of contractor agreement with Awana JV Suria Saga Sdn Bhd.
OTHERSSARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR " THE COMPANY") - SETTLEMENT AGREEMENT ENTERED BETWEEN SCIB PROPERTIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SCIB AND AWANA JA SURIA SAGA SDN. BHD.
MULTIPLE PROPOSALSSARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR THE "COMPANY")
(I) CAPITALISATION; AND
(II) LTIP
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has secured a RM162mil revised contract from AUEI Teras Holding Sdn Bhd for the Perumahan Rakyat 1 Malaysia or PR1MA affordable housing scheme in Kota Baru, Kelantan.
KUALA LUMPUR: Sarawak Consolidated Industries Bhd's (SCIB) unit, SCIB Industrialised Building System Sdn Bhd (SIBS), has secured a revised contract worth RM162 million for the Perumahan Rakyat 1 Malaysia (PR1MA) Fasa 1 project in Kubang Kerian, Kota Bahru, Kelantan.
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PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has secured a RM162mil revised contract from AUEI Teras Holding Sdn Bhd for the Perumahan Rakyat 1 Malaysia (PR1MA) affordable housing scheme in Kota Bharu, Kelantan.
OTHERSSARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR "THE COMPANY")
ACCEPTANCE OF THE REVISED LETTER OF AWARD AND ACCEPTANCE BY ITS WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, SCIB INDUSTRIALISED BUILDING SYSTEM SDN. BHD. FOR SECURING A SUB-CONTRACT WORKS FROM AUEI TERAS HOLDING SDN. BHD.
MULTIPLE PROPOSALSSARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR THE "COMPANY")
(I) CAPITALISATION; AND
(II) LTIP
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
KUALA LUMPUR: Industrialised building systems specialist Sarawak Consolidated Industries Bhd has received shareholders' approval for two pivotal proposals during its extraordinary general meeting recently.
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KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) has got the green light from its shareholders for two proposals aimed at bolstering its financial framework and retaining talent.
OTHERSSARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR "THE COMPANY") - ACCEPTANCE OF THE NOTICE OF TERMINATION BY ITS WHOLLY-OWNED SUBSIDIARY, SCIB INDUSTRIALISED BUILDING SYSTEM SDN. BHD.
KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) yesterday said it mutually agreed to terminate a RM97.7 million contract to build student hostels for University Malaysia Kelantan in Bachok, Kelantan two months after the award.
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OTHERSSARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR "THE COMPANY") - ACCEPTANCE OF THE NOTICE OF TERMINATION BY ITS WHOLLY-OWNED SUBSIDIARY, SCIB INDUSTRIALISED BUILDING SYSTEM SDN. BHD.