Zetrix AI Currently Unable To Repay Sukuk Programme's RM2 Bln Outstanding Amount
KUALA LUMPUR, Nov 13 (Bernama) – Zetrix AI Bhd has confirmed that it is currently unable to repay the full RM2 billion outstanding amount under its sukuk wakalah programme.
In a filing with Bursa Malaysia today, the company said this in response to questions on whether it has the financial capacity to repay the principal amount and the basis for the board’s assessment.
“The next meeting with the sukuk holders has not been fixed pending the latest development regarding a further breach, where the repayment of RM25 million has not been made.
“Zetrix AI intends to repay this amount before the meeting with the sukuk holders is held,” it said.
On Oct 16, 2026, Zetrix AI announced it faced a potential breach of a covenant under its RM2 billion sukuk wakalah programme after its managing director, Wong Thean Soon, ceased to be the company’s single largest shareholder following forced selling of shares by banks.
– BERNAMA