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| RHB Banking group was awarded for its GCC-compliant sukuk programme |
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The RHB Banking group was recently awarded Deal of the Year 2008 and Malaysia Deal of the Year 2008 for its GCC-compliant sukuk programme for Projek Lintasan Shah Alam Sdn Bhd (PLSA).
The awards were given by Islamic Finance News magazine to RHB
Islamic Bank Bhd and RHB Investment Bank Bhd as joint principal advisers and joint lead arrangers.
The PLSA deal was crafted in October 2008 to raise funds for the construction and development of the Lebuhraya Kemuning — Shah Alam (LKSA) highway.
The Sukuks issued, Ijarah and Mudharabah, amounted up to RM330 million (US$94 million) and RM415 million (US$118 million) respectively.
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