KUALA LUMPUR – Pos Malaysia Bhd has announced its proposal to launch a perpetual sukuk wakalah programme, valued at up to RM1 billion in nominal value. The programme is aimed at supporting the company’s capital expenditure and refinancing existing borrowings, according to a filing made with Bursa Malaysia on Thursday.
The company has already submitted the necessary documentation to the Securities Commission Malaysia for approval of the sukuk issuance. The proceeds from the sukuk, which will have no fixed maturity date, are also intended to be allocated to general working capital needs. This will provide Pos Malaysia with enhanced financial flexibility amid ongoing operational challenges.
This fundraising move comes after a tough financial year for Pos Malaysia. For the financial year ending December 31, 2025, the company reported a widened net loss of RM209.26 million, compared to a net loss of RM202.67 million in the previous year. The results highlight the persistent pressure on the company’s business operations and financial stability.
As of December 31, 2025, Pos Malaysia’s total borrowings stood at RM433.22 million, while its cash and bank balances were reported at RM86.72 million, reflecting a tight liquidity position. These figures underscore the company’s ongoing financial difficulties amid its operational restructuring.
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. The Shariah adviser’s role is to ensure that the sukuk issuance complies with Islamic finance principles.
Following the announcement, Pos Malaysia’s shares closed one sen lower, or 3.45%, at 28 sen, giving the company a market capitalization of RM219.18 million. Despite the dip in share price, the proposed sukuk is expected to provide critical financial support, helping Pos Malaysia stabilize its finances, fund essential capital projects, and strengthen its overall balance sheet.
The sukuk programme marks Pos Malaysia’s efforts to explore alternative funding options in response to its current financial pressures. By tapping into the Islamic capital market, the company aims to secure a long-term, stable funding structure that will support its strategic objectives and future growth plans.