KUALA LUMPUR, Nov 5 (Bernama) — Petroliam Nasional Berhad (PETRONAS) has collaborated with another financial institution — Bank Muamalat Malaysia Berhad (Bank Muamalat) — to offer financing to PETRONAS’ Oil and Gas Service Equipment (OGSE) and Small and Medium Enterprises (SME) vendors under the Vendor Financing Programme.
At a Memorandum of Understanding (MoU) exchange ceremony to mark the bank’s participation in the programme here today, PETRONAS was represented by its Vice President of Group Procurement, Project Delivery and Technology (PD&T) Liza Mustapha, while Bank Muamalat was represented by its Head of Business Banking Division, Nor Hamidah Abu Bakar. Also present were Bank Muamalat Chief Executive Officer Khairul Kamaruddin, and PETRONAS Senior Vice President of PD&T Samsudin Miskon.
