Thomson Medical Group Limited has announced the acquisition of a S$225m Islamic revolving credit facility from Maybank, marking a significant milestone as the Group’s first Islamic financing venture. This facility, secured under a Murabahah Agreement, includes an option to convert into a sustainability-linked facility within 12 months, contingent on meeting specific sustainability performance targets.
The funds from this facility will be utilised to manage existing financial obligations due in October 2025, as well as support working capital, capital expenditure, business acquisitions, and other corporate purposes. Dr Heng Jun Li Melvin, Executive Director and Group CEO of Thomson Medical Group, highlighted the strategic advantage of this facility, stating, “This facility gives Thomson Medical Group greater flexibility in managing our capital structure whilst positioning us to pursue growth opportunities in line with our strategic priorities.”
Maybank, acting as the sole lender and sustainability structuring adviser, expressed pride in collaborating with Thomson Medical Group. Alvin Lee, Country CEO of Maybank Singapore, noted, “This partnership will advance their sustainability journey and diversify their funding base.”
Thomson Medical Group, a prominent healthcare provider in South-East Asia, operates in Singapore, Malaysia, and Vietnam, offering a wide range of healthcare services. The Group’s commitment to sustainability and growth is further underscored by this new financial arrangement, paving the way for future developments in their healthcare services and infrastructure.
“`
