HomeCorporateAbout ProkhasOur Milestones : Key Achievements

Our Milestones: Key achievements

Prokhas’ initial role after its establishment in 2006 under Minister of Finance, Incorporated (MoF, Inc.) was to continue the recovery efforts on the residual assets of Pengurusan Danaharta Nasional Berhad (Danaharta) after its successful completion in 2005. Determined to achieve greater heights, we have strived to maintain an agile and open organisation while ensuring that the mandate entrusted upon us is carried out in good faith.

We have boldly explored new ventures and successfully broadened our services into various industries especially in advisory and consultancy services in order to better align with current and future business conditions. In Our Milestones, we share with you the progress of our journey towards our goal on achieving long-term sustainability and continuous corporate growth.

  • Appointed to manage DanaInfra Nasional Berhad (DINB) in its fundraising exercise to finance the construction of the Klang Valley Mass Rapid Transit (MRT) Project – Kajang Line (previously known as Sg Buloh – Kajang Line or MRT Line 1) and Putrajaya Line (previously known as Sg Buloh – Serdang – Putrajaya Line or MRT Line 2) on 20 June 2011 and 29 December 2014. To date, DINB has issued twenty (20) series of issuance under the RM71.0 billion Government Guaranteed Islamic Commercial Papers and Islamic Medium Term Notes Programme (ICP/IMTN Programme) amounting to RM57.92 billion IMTN (including Retail Sukuk of up to RM500.0 million) and ICP of up to RM4.42 billion, with competitive rates. DINB was awarded the Best Project Finance Deal of The Year 2012, the Best Islamic Finance Deal of The Year 2013 & the Best Bond Deal of The Year 2013 for Retail Investors in Southeast Asia by Alpha Southeast Asia. DINB was also the recipient of the Best Local Currency Sukuk Award in The Asset Triple A Islamic Finance Award 2013 and the Malaysia Deal of The Year 2013 Award by the Islamic Finance News, the Best Government-Guaranteed Sukuk in the Asset Asian Awards 2017 and the Top Traded Amount (All & Islamic) in the Bond Pricing Agency Malaysia Bond Market Awards 2019. DINB Sukuk Pricing rates competitiveness as against the Government Guaranteed peers has also been validated by an independent audit conducted by PricewaterhouseCoopers Advisory Sdn Bhd in its report dated 19 September 2017.
  • Appointed to manage DanaInfra Nasional Berhad (DINB) in its fundraising exercise to part-finance the construction of Pan Borneo Highway Sarawak (Phase 1) on 27 April 2016. The funding is undertaken via the Government Guaranteed RM13.0 billion Islamic Commercial Papers and Islamic Medium Term Notes Programme (ICP/IMTN Programme) with a backstop RM4.0 billion Islamic Revolving Credit Facility. To date, DINB has issued three (3) series of IMTN issuance of up to RM8.0 billion and ICP issuance of up to RM3.0 billion under the RM13.0 billion ICP/IMTN Programme at competitive rates. For the inaugural IMTN issuance of up to RM2.5 billion in 2018, DINB was awarded the Best Transport Deal of the Year under the Country Deal Awards ASEAN Category in The Asset Triple A Asia Infrastructure Awards 2019 and the Best Islamic Project Finance Deal of the Year for Malaysia in The Asset Triple A Islamic Finance Awards 2019.
  • Appointed to assist Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) in structuring financing programmes comprising the Islamic Commercial Papers and Islamic Medium Term Notes Programme (ICP/IMTN Programme), Conventional Commercial Papers and Conventional Medium Term Notes Programme (CP/MTN Programme), Syndicated Revolving Credit-i Facility and Syndicated Credit Facilities for an aggregate combined limit of up to RM25.0 billion with Government Guarantee on 21 June 2016. Under the aforementioned financing programmes, Prokhas assisted LPPSA in its maiden ICP/IMTN issuance of up to RM4.0 billion on 21 September 2016 and RM2.44 billion drawndown from the RC-i Facility and Credit Facilities, at competitive rates.
  • Appointed to manage SDE Solutions Sdn Bhd (SDES) in its 2-tier Term Loan Financing of up to RM150.0 million on 26 February 2014.
  • Appointed as a Consultant to Pembinaan BLT Sdn Bhd for Aman Sukuk Berhad’s RM10.0 billion AAA Sukuk Programme.
  • Continue to undertake the management of Danaharta’s residual assets. As at 30 September 2020, Prokhas has collected approximately RM4.278 billion and has surpassed the original target of RM2.88 billion.
  • Appointed to provide Credit and Loan Management Advisory Services to a division in the Ministry of Finance for a period of 5 years from January 2014 until December 2018.
  • Assisted in ABRAR’s recovery efforts until 31 December 2012. In total, out of approximately RM2.1 billion outstanding from the borrowers of ABRAR, RM1.6 billion has been settled. ABRAR has fully repaid its loans to Bank Negara Malaysia (BNM) amounting to RM1.5 billion.
  • Manages the operations of Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP), which in turn manages and administers the following Government guarantee schemes on behalf of the Government: -
    • Working Capital Guarantee Scheme (WCGS) and Industry Restructuring Financing Guarantee Scheme (IRFGS) under the Second Stimulus package amounting to RM10.0 billion.
    • 10MPWCGS under the 10th Malaysia Plan with an additional allocation of RM3.0 billion.
    • Services Sector Guarantee Scheme (SSGS) with allocation of RM7.0 billion, and its unutilised limit was later transferred to Working Capital Guarantee Scheme 2 (WCGS2).
    • Working Capital Guarantee Scheme- Extension (WCGS-Extension) with an allocation of RM7.0 billion and its unutilised limit was later transferred to Working Capital Guarantee Scheme 2 (WCGS2).
    • Working Capital Guarantee Scheme 2 with a total allocation of RM17.5 billion
    • Working Capital Guarantee Scheme – StartUp (WCGS-SU) with a sub allocation of RM200 million from WCGS2 limit.
    • Automation & Digital Guarantee Scheme (ADGS) (formerly known as Automation Process Guarantee Scheme) with an initial scheme limit of RM3.0 billion on a revolving basis.
    • Working Capital Guarantee Scheme – Bumiputera (WCGS-Bumi) with an initial scheme limit of RM1.0 billion which is the sublimit of WCGS.
    • Working Capital Guarantee Scheme – Export (WCGS-Export) with an initial scheme limit of RM1.0 billion which is the sublimit of WCGS.
    • Working Capital Guarantee Scheme – Women (WCGS-Women) with an initial scheme limit of RM500 million is the sublimit of WCGS.
  • In addition to the above, SJPP is also managing special schemes under Prihatin economic stimulus package as announced by Bank Negara Malaysia and the Government of Malaysia to assist the SMEs in dealing with the impact of the COVID-19 pandemic in early 2020:-
    • Special Relief Facility Scheme (SRF) with a non-revolving scheme limit of RM5.0 billion.
    • Automation and Digitalisation Facility Scheme (ADF) with a non-revolving scheme limit of RM300.0 million.
    • Agrofood Facility Scheme (AF) with a non-revolving scheme limit of RM1.0 billion.
    • Government Guarantee Scheme Prihatin (GGS-Prihatin) with a non revolving scheme limit of RM5.0 billion.
    • PENJANA Tourism Financing (PTF) with scheme limit of RM1.0 billion (on a revolving basis). SJPP is also managing Danajamin Prihatin Guarantee Scheme (DPGS) with scheme limit of RM50 billion.
  • Up to 30 September 2020, 34,776 loan accounts amounting to RM25.458 billion have been approved under the various schemes managed by SJPP.
  • In addition to the above Guarantee schemes, SJPP is also managing a 2% interest/profit rebate programme for export-oriented SMEs whereby rebate is given on interest/profit rates on these SME customers under the schemes. The programme is limited to a total accumulated funding of RM1 billion which involves an allocation of RM100 million for a period of five years with effect from 1 June 2017.
  • Manage the operations of Syarikat Jaminan Kredit Perumahan Berhad (SJKP), which in turn manages and administers Government guarantees on behalf of the Government to participating banks which extend house financing to eligible non-fixed income earners. The guarantee scheme was subsequently opened to eligible fixed income earners subject to maximum funding of RM500.0 million, on first come first serve basis. As at 30 September 2020, 8,805 loan accounts amounting to RM742.462 million have been approved.
  • Established and operationalised companies under Government initiatives including DanaInfra Nasional Berhad, Syarikat Jaminan Pembiayaan Perniagaan Berhad and Syarikat Jaminan Kredit Perumahan Berhad.
  • Obtained ISO/IEC 20000-1:2011 for IT service management system for IT shared services from 2010 until end of 2019.
  • Provision of consultancy services for the Ministry of Finance for various engagements spanning from project management, corporate exercise, strategic planning, business reviews and governance related matters across different industries since 2008.