PETALING JAYA, 13 June 2025 – MBSB Bank Berhad (“MBSB Bank” or “the Bank”) has approved Islamic financing facilities totalling RM180 million for MAG Holdings Berhad (“MAG” or “the Group”) to strengthen its operations across the halal aquaculture value
chain. Structured through Term Financing-i and Trade Line Facilities-i, the facility will support MAG’s working capital and capital expenditure needs, particularly in scaling its cold chain logistics, farming and hatchery infrastructure, and halal seafood export
capacity.
The financing reflects MBSB Bank’s commitment to empowering high-growth industries that align with national agendas such as the Halal Industry Master Plan 2030, Malaysia’s food security roadmap, and the Bank’s FLIGHT26 transformation strategy. With Malaysia
aiming to be a global halal hub, MBSB Bank continues to enable high-potential businesses with integrated solutions that combine commercial banking and development finance delivered through its synergy with Malaysian Industrial Development Finance Berhad
(MIDF).
MAG is one of the few integrated aquaculture players in Malaysia with the capacity to manage the end-to-end process from hatcheries and grow-out farms to processing, cold storage, and export. With strong halal certification protocols and increasing demand from both domestic and international buyers, the Group is well-positioned to scale its presence across key markets in Asia and the Middle East. This latest financing from MBSB Bank will provide MAG with the liquidity and headroom to optimise its capital structure, enhance productivity, and meet growing global standards for traceability, compliance, and ESG. “We’re proud to support MAG’s next phase with Shariah-compliant, development-focused financing. This partnership reflects our confidence in their business model and our commitment to sectors like aquaculture and halal food where food security, exports, and sustainability intersect,” said Che Nazari Che Azid, Group Chief Commercial Banking Officer of MBSB Bank. MBSB Berhad. BE BOLD. BANK SMART.
Registration No.: 197001000172 (9417-K)
“This facility comes at a pivotal time as we expand production and strengthen our infrastructure. With MBSB Bank’s support, we’re better positioned to advance halal traceability and sustainable aquaculture and to lead with both purpose and resilience,”
said Stephen Ng, Executive Chairman of MAG Holdings Berhad.
This milestone reinforces MBSB Bank’s growing presence as a purposeful, forward- looking Islamic financial institution that supports businesses across high-impact sectors.
The Bank continues to deliver value by offering holistic, blended solutions combining the
strengths of Islamic finance, digital innovation, and development banking to help
businesses scale regionally and sustainably.
