Petaling Jaya, 22 July 2026 – MBSB Bank Berhad (“MBSB Bank”) has approved RM105 million in Shariah-compliant financing for Mydin Wholesale Cash and Carry Sdn. Bhd. (MWCC) to support the expansion of the MYDIN Group’s retail footprint and strengthen access to affordable essential goods for communities across Malaysia.
The financing package comprises funding for the acquisition of an existing hypermarket property in Sandakan, Sabah, the development of a new medium-sized hypermarket in Tanah Merah, Kelantan, as well as working capital and ancillary financing requirements.
The financing will enable MYDIN to strengthen its retail footprint in Sabah and Kelantan through the acquisition of an existing hypermarket and the development of a new outlet. The expansion will improve access to affordable, halal-certified products and everyday essentials, while creating employment opportunities, supporting local SMEs and vendors, and contributing to the socio-economic development of the surrounding communities.
The new Tanah Merah hypermarket will also incorporate more efficient operational and energy-saving features, reflecting MYDIN’s commitment to sustainable business practices while enhancing customer convenience and supporting the growing demand for modern retail facilities in the district.
Rafe Haneef, Group Chief Executive Officer of MBSB Berhad, said “Our role as a financial institution goes beyond providing financing. We strive to be a long-term partner to businesses with strong fundamentals and a clear vision for growth. MYDIN has built a trusted brand over the past three decades, and we are pleased to support its continued expansion as it delivers greater value to customers and communities across Malaysia. This financing reflects MBSB Bank’s commitment to supporting homegrown businesses that drive economic progress, create employment opportunities and strengthen local supply chains. By enabling businesses like MYDIN to grow, we are also contributing to the development of more resilient and inclusive communities.”
The financing aligns with MBSB Bank’s commitment to supporting established Malaysian businesses that contribute to domestic economic growth while advancing sustainable and inclusive development.
Datuk Wira (Dr.) Haji Ameer Ali Mydin, Managing Director of MYDIN said ” This financing will enable us to strengthen our presence in strategic locations while enhancing our ability to serve growing communities, particularly in Sabah and Kelantan. The new investments will not only improve convenience for our customers but also create employment opportunities, support local entrepreneurs and vendors, and contribute to the socioeconomic development of the communities where we operate. We look forward to continuing our partnership with MBSB Bank as we expand sustainably and responsibly.”
As one of Malaysia’s largest locally-owned retail chains, MYDIN operates 83 outlets nationwide across multiple retail formats, serving millions of Malaysians with affordable, halal-certified products and supporting thousands of local suppliers and businesses.
Through this financing, MBSB Bank continues to reinforce its role as a trusted financial partner in supporting the growth of established Malaysian enterprises, fostering economic resilience and creating long-term value for businesses and communities alike.
