FICP signed a 20-year Tawarruq financing agreement with Govco for the loan repayment, which is scheduled to run until 2043.
FIC Properties Sdn Bhd (FICP), a subsidiary of the Federal Land Development Authority (Felda), still owes RM2.77 billion on the loan it took to acquire a stake in a unit of the Indonesia-based Rajawali Group, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
He said principal and profit payments totalling RM141.8 million have been made to Govco Holdings Bhd, a unit of the Ministry of Finance Incorporated, as of Sept 30.
