Financing ·
TMD Energy Limited entered into a Letter of Guarantee on August 11, 2026, in favor of MBSB Bank Berhad to secure…
TMDETMD Energy Ltd
TMD Energy Limited entered into a Letter of Guarantee on August 11, 2026, in favor of MBSB Bank Berhad to secure additional requirements for existing Islamic financing facilities. The guarantee covers an aggregate limit of up to RM212.80 million (approximately US$52.00 million) extended to Tumpuan Megah Development Sdn. Bhd., an indirect wholly-owned subsidiary. This corporate guarantee supports the subsidiary's working capital and trade finance needs, including letters of credit and bank guarantees. The company operates in the energy sector, specifically focusing on marine fuels and energy solutions.