KUALA LUMPUR, Nov 13 (Bernama) – Zetrix AI Bhd has confirmed that it is currently unable to repay the full RM2 billion outstanding amount under its sukuk wakalah programme.
Zetrix AI Currently Unable To Repay Sukuk Programme's RM2 Bln Outstanding Amount
Zetrix AI, Sukuk wakalah, Repayment, Corporate, W
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Key takeaways
Zetrix AI cannot repay RM2 billion under its sukuk programme, with a RM25 million payment also overdue.
- Zetrix AI cannot repay RM2 billion in sukuk obligations.
- A RM25 million payment remains unpaid, causing further breaches.
- Next meeting with sukuk holders is pending further developments.
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Related reporting
5 stories on this topic from 3 sources, oldest first.
- Free Malaysia Today Top rating from MARC for MAG’s sukuk programme
- Free Malaysia Today Zetrix AI confirms RM25mil sukuk default, pledges quick settlement
- Berita Harian Zetrix AI sahkan mungkir bayar sukuk RM25 juta
- Free Malaysia Today AmanahRaya unit writes off sukuk issued by Zetrix
- Bernama Zetrix AI Currently Unable To Repay Sukuk Programme's RM2 Bln Outstanding Amount (this story)