Kuala Lumpur, 21 November 2024 – Bank Pembangunan Malaysia Berhad (Bank Pembangunan) and Aim Concept Sdn Bhd (ACSB) today signed a RM75 million financing facility to initiate a larger RM428 million expansion project for the Specialist Clinic and Ward Block at the Penang General Hospital.
The project includes a 216-bed, 15-floor facility with specialist clinics and wards for Cardiothoracic, Neurosurgery, Ophthalmology, Ear, Nose and Throat (ENT), intensive care, high-dependency services, and advanced operating theatres equipped for robotic surgery. It will create 2,100 jobs, address gaps in specialist care, reduce overcrowding, and improve access to quality, timely treatments.
The financing reflects BPMB’s purpose of delivering impact capital for national development. Assessment of the financing was conducted through BPMB’s Measuring Impact on National Development (MIND) framework, ensuring alignment with environmental, social, and governance (ESG) standards and the Government’s 12th Malaysia Plan (RMK12) objectives.
Roni Abdulwahab, Group Chief Executive Officer of BPMB, said BPMB has championed Bumiputera economic participation since its inception in 1973, with ACSB being one such example, as it rose to the call of the PuTERA35 initiative.
“This is yet another reflection of the DFI ecosystem’s support and partnership in strengthening our overall mandate, from small and medium-sized enterprises (SMEs) to highly competitive large-scale corporations. Through the DFI ecosystem, there is a continuity of support and capital towards the development of Bumiputera entrepreneurs to their next stage of growth and beyond,” he said.
Dato’ Abd Rahim Jaafar, Managing Director of ACSB, expressed his gratitude, saying the company has endured many financial crises since 1997, but now, with BPMB, it stands ready to build a brighter and more resilient future.
“This collaboration represents a blend of ambition, innovation, and motivation. As we move forward, I am reminded of an old saying: If we want to go fast, go alone – that era is behind us. But if we want to go far, we go together. I hope, with BPMB, we go far together,” he said.
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About Bank Pembangunan Malaysia
Bank Pembangunan Malaysia Berhad was incorporated on 28 November 1973 as a development financial institution. Owned by Minister of Finance (Incorporated), Bank Pembangunan has been accorded the highest rating of ‘AAA’ by both RAM Rating Services Berhad and Malaysia Rating Corporation Berhad. It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.
With a Group Total Assets value of RM29.0 billion (as at 31 December 2023), Bank Pembangunan is well positioned to meet the financing and business development needs of Malaysian businesses.
About Aim Concept Sdn Bhd (ACSB)
Aim Concept Sdn Bhd, led by its main shareholder Dato’ Abd Rahim Jaafar, is a Bumiputera-led contractor in Malaysia, known for its expertise in delivering integrated design and build solutions. With a focus on public healthcare infrastructure and sustainable practices, ACSB aligns its operations with national objectives to enhance Malaysia’s healthcare capacity and public welfare.
For more information, please contact:
Nadirah H. Rodzi
Corporate Communications
Bank Pembangunan Malaysia Berhad
ym.moc.bmpb@izdor.haridan
+6019-343 2120