Zetrix AI reports sukuk dissolution event but no immediate repayment needed

Zetrix AI Bhd informed Bursa Malaysia that a dissolution event was triggered for its RM2 billion sukuk after breaching a covenant related to its managing director's shareholding. Despite this event, the company stated that no immediate repayment of the RM2.16 billion sukuk is required. This announcement clarifies the current status of the sukuk amid covenant breaches.

Originally published by gnews