Highly Strategic to Sabah
"a highly strategic government-linked entity given its mandate in relation to Sabah’s oil and gas industry pursuant to the CCA"
RAM Ratings assigned AAA rating to SMJ Energy's Sukuk Wakalah Programme
for a Multi-Currency Islamic Medium Term Notes of up to RM10 billion
Strong Government Backing and Involvement
"mandate to oversee the development of the state’s oil and gas resources, and to obtain a greater share of revenues for Sabah state"
Lower Risk Business Model
"investing in profitable oil and gas assets, focusing on companies with strong ESG practices and risk management"
Strong Debt Coverage
"investing in mature and profitable oil and gas assets, ensuring positive cash flow generation"