NCT launches maiden RM1bil sukuk wakalah with Maybank as key investor

By NST in November 6, 2025 – Reading time 2 minute

KUALA LUMPUR: NCT Group has launched its maiden RM1 billion sukuk wakalah programme with Malayan Banking Bhd (Maybank) participating in the first tranche up to RM390 million in unrated sukuk.

The company also held a groundbreaking ceremony for Phase 2 of its flagship NCT Smart Industrial Park (NSIP) in Selangor.

The sukuk programme is aimed at enhancing funding flexibility for working capital needs and supporting the group’s long-term growth strategy. It is also expected to broaden NCT’s access to the domestic debt capital market.

Founder and group managing director Datuk Sri Yap Ngan Choy said the collaboration with Maybank marks a key milestone for the group’s financial growth.

“We are delighted to work with Maybank as our valued partner in our Sukuk Wakalah Programme, a key initiative that strengthens our financial foundation.

“The sukuk programme will provide us with greater flexibility to pursue new opportunities, driving us into the next phase of growth as we continue to deliver developments that generate sustainable value for our stakeholders,” he said.

Meanwhile, the groundbreaking of NSIP Phase 2 underscores the group’s commitment to driving industrial transformation and promoting economic growth in the state.

The new phase will build upon the success of Phase 1, featuring similar industrial components with larger plots and enhanced infrastructure to meet the evolving needs of high-technology, logistics and manufacturing industries.

Phase 2 will further strengthen the park’s integrated ecosystem with improved connectivity, upgraded utilities and advanced digital systems that support automation and future-ready operations for industrial growth.

Completion of Phase 2 is scheduled for 2029.

“Given the scale and expectations of this project, we are determined to ensure that each phase is completed well within its timeline as we continue to shape the nation’s industrial future.

“This next chapter brings us closer to realising a smart, sustainable, and globally competitive ecosystem that will elevate the sector,” added Yap.

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