PETALING JAYA: The sukukholders of MEX I Capital Bhd have approved the restructuring of its RM1.35bil Islamic medium term note programme at its virtual EGM on Wednesday.

       The approval marks a significant milestone in MEX 1 Capital’s group-wide sukuk restructuring.

       “We are extremely grateful for the overwhelming support and understanding shown by the sukukholders. The resolutions from the EGM mark a new beginning for MEX I Capital,” said managing director Mohd Faiq Abu Sahid in a statement.

       He pointed out that due to the Covid-19 pandemic, every major highway was affected by the lockdowns and restrictions.

       He described the restructuring of the company’s sukuk programme as a timely and important exercise.