The Sun Biz

Meta Bright Group Bhd has strengthened the financial capacity of its building materials division after its 70%-owned subsidiary, Expogaya Sdn Bhd, secured an expanded Islamic banking facility of up to RM31.82 million from AmBank Islamic. The enhanced financing boosts Expogaya’s working capital, trade financing and cash-flow efficiency as it ramps up ready-mix concrete supply for major infrastructure projects across Sabah. Backed by strong fundamentals and rising construction demand, the facility positions Expogaya to scale operations and support the state’s growing pipeline of federal- and state-funded developments.

SABAH: Sabah-based major road infrastructure construction player Azam Jaya Bhd recorded revenue of RM161.1 million for the nine months (9M) ended September 30, 2025...

Al-Salām Real Estate Investment Trust posted a solid third-quarter performance for FY25, with revenue rising 12% year-on-year to RM65.7 million and net property income increasing 15% to RM44.7 million. The REIT’s growth was driven by strong retail contributions—particularly from KOMTAR JBCC—alongside disciplined cost management and improved funding strength following its oversubscribed RM455 million Sukuk Wakalah issuance. Year-to-date distributions have already surpassed FY24’s full-year payout, underscoring Al-Salām REIT’s strengthening earnings trajectory and resilient portfolio.

KUALA LUMPUR: JLG Reit Managers Sdn Bhd, the Manager of Al-`Aqar Healthcare Real Estate Investment Trust, recorded a stable revenue of RM29.2 million for...

Unitrade Industries Bhd posted a solid turnaround for the first half ended September 30, 2025, recording RM906.3 million in revenue and RM11.6 million in net profit, reversing last year’s loss. Growth was lifted by stronger wholesale contributions, a pivot toward higher-margin products, and surging demand in its renewable energy segment, which jumped 166% year-on-year. Gross profit rose 62.4% to RM68.4 million, supported by improved product mix and reversals of earlier impairments, underscoring the effectiveness of the group’s ongoing strategic realignment.