Pos Malaysia Bhd has proposed a perpetual sukuk wakalah programme worth up to RM1 billion in nominal value to support its capital expenditure and refinance existing borrowings, the national postal service provider announced in a filing with Bursa Malaysia on Thursday.
The company said it has submitted the necessary documentation to the Securities Commission Malaysia for the issuance of the Islamic notes. The proceeds from the sukuk — which has no fixed maturity date — will also be allocated to general working capital requirements, providing the group with additional financial flexibility.
This fundraising exercise comes after a challenging financial year for Pos Malaysia. The company reported a wider net loss of RM209.26 million for the financial year ended Dec 31, 2025, compared with a net loss of RM202.67 million in the previous year, highlighting ongoing pressures on its business operations.
As of December 31, 2025, Pos Malaysia’s total borrowings stood at RM433.22 million, while its cash and bank balances were RM86.72 million, reflecting a tight liquidity position amid the company’s continued operational challenges.
Maybank Investment Bank Bhd has been appointed as the principal adviser, lead arranger and lead manager for the sukuk programme, with Maybank Islamic Bhd serving as the shariah adviser to ensure compliance with Islamic finance principles.
Following the announcement, Pos Malaysia’s shares closed one sen lower, or 3.45%, at 28 sen, giving the group a market capitalisation of RM219.18 million. The proposed sukuk is expected to provide much-needed support to the group, helping it to stabilise its finances, fund key capital projects, and strengthen its overall balance sheet.
The sukuk programme underscores Pos Malaysia’s efforts to explore alternative funding sources to navigate its current financial pressures while continuing to invest in its operational capabilities and service network. By tapping the Islamic capital market, the group aims to secure a stable, long-term funding structure that can support its strategic objectives and future growth plans.
