MIDF provides RM13.4M Islamic financing to Gapima

What's the deal? Malaysian Industrial Development Finance Berhad (MIDF)Dealroom has a profile for this one. Try Dealroom → has provided RM13.4 million in Islamic financing to GapimaDealroom has a profile for this one. Try Dealroom → to part-finance the acquisition of a new industrial property in Klang, Selangor. The facility has a total purchase price of RM14.896 million.

Why it matters. The new building and factory will support Gapima's upgrading and expansion programme, strengthening its warehousing capabilities and adding capacity to its nationwide logistics network. The financing is provided under MIDF's Soft Financing Scheme for Automation and Modernisation.

The signal. The investment will give the established Malaysian logistics provider more owned infrastructure alongside its leased locations, supporting operations across project logistics, freight forwarding, multimodal transport and warehousing.

Read more: Bernama

Image credit: octal