KUALA LUMPUR: Meta Bright Group Bhd, through its 70%-owned subsidiary Expogaya Sdn Bhd, has secured an expanded Islamic banking facility of up to RM31.82 million from AmBank Islamic Bhd.
This new facility strengthens Expogaya’s working capital, trade financing capacity, and operational scalability as it continues to support major infrastructure programmes in Sabah.
The increased Cashline-i and Multi Trade Finance-i facilities provide stronger working capital and procurement capacity, while the new Invoice Financing-i sublimit improves cash flow efficiency as Expogaya handles larger volumes of concrete supply across Sabah.
This latest financing also builds upon the RM43.9 million secured from a major financial institution last year.
That earlier facility was approved based on Expogaya’s proven revenue strength, year-on-year growth in sales volume, widening customer base, and the replenishment of its order book driven by ongoing construction activities statewide.
To note, banks do not extend sizeable facilities without strong fundamentals—consistent revenue visibility, healthy margins, and disciplined cash-flow management.
Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim said the expanded facility is timely and aligned with market demand.
“Sabah is entering one of its most active infrastructure cycles in recent years. With strong support from our banking partners, we are ensuring Expogaya has the financial capacity to meet the state’s growing demand for high-quality concrete.
“These enlarged facilities allow us to scale faster, improve cash flow, and support both existing and upcoming mega-projects,” he said in a statement.
Expogaya is a key beneficiary of the federal government’s continued emphasis on East Malaysia, particularly under Budget 2026’s RM6.9 billion allocation for Sabah and multi-year commitments to projects such as the Pan Borneo Highway, Sabah–Sarawak Link Road (SSLR) Phase 2, Tawau Airport expansion, and various rural road, water, and utilities programmes.
Expogaya’s strengthened financial position directly enhances its ability to supply ready-mix concrete to these projects while positioning Meta Bright as a major participant in Malaysia’s infrastructure development agenda.
“Our acquisition of Expogaya in 2024 has proven to be strategically sound. With expanded capacity and a stronger balance sheet, Expogaya is well-positioned to participate in more government and private sector projects across Sabah.
“These facilities support our objective to build a resilient, scalable, and high-growth building materials division within Meta Bright.” he added.
Meta Bright remains focused on strengthening its core business pillars while expanding its renewable energy, energy efficiency, and EV infrastructure divisions.
With Expogaya’s enhanced financing in place, the group is confident of supporting rising construction activity in East Malaysia and sustaining long-term earnings growth.
