Thursday 22/05/2025

^{From left: Cik Nurbayu Kasim Chang, President / Chief Executive Officer of EXIM Bank Malaysia and Puan Shamsiah Samli, Chief Operating Officer of Mac World Industries (fourth from left) at the signing ceremony witnessed by His Excellency Rizany Irwan Muhamad Mazlan, Malaysian Ambassador to Algeria (second from left) and Encik Hairol Ariffein Sahari, Chief Executive Officer of Halal Development Corporation Berhad (third from left).}


ALGERIA, May 22 (Bernama) -- The Export-Import Bank of Malaysia Berhad (EXIM Bank) today formalised a financing deal with Mac World Food Industries L.L.C (Mac World), a subsidiary of Mac World Group, to fuel its expansion into the Gulf Cooperation Council (GCC) market. Signed at the Islamic Development Bank (IsDB) Annual Meeting in Algiers and witnessed by Malaysian Ambassador HE Rizany Irwan, the agreement highlights Malaysia’s drive to propel its halal industry globally. This is a part of Halal Development Corporation (HDC) and EXIM Bank’s initiative to link Malaysian businesses with international halal market opportunities.
 
EXIM Bank is supporting Mac World’s ambitious expansion with Shariah-compliant financing, to support the construction and operational needs of its cutting-edge packaging facility in Dubai Industrial City. The 9,287-square-metre site will strengthen Mac World’s capabilities as a regional leader in edible cooking oils, driving growth across the UAE and GCC markets. Building on its impressive RM1.7 billion sales in 2024, this strategic investment positions Mac World for sustained growth and market leadership.
 
In 2024, EXIM Bank has a market exposure of RM248.5 million in the Middle East, and this agreement further strengthens its foothold in the region, reinforcing Malaysia’s global influence in the thriving halal industry.
 
Nurbayu Kasim Chang, President/Chief Executive Officer of EXIM Bank Malaysia, said, “We’re proud to support Mac World Industries, driving Malaysia’s prominence in the global halal and agri-food sectors. Our tailored, Shariah-compliant solution propels their regional expansion while reinforcing Malaysia’s leadership in Islamic finance and the halal economy. EXIM Bank stands ready to fuel this momentum, strengthening Malaysia’s presence in high-growth markets like the Gulf region.”
  
This expansion is a strategic leap forward in Mac World’s growth journey. By sourcing raw materials from Malaysia, Mac World strengthens Malaysian upstream supply chains while scaling its downstream processing capabilities in the Middle East, strengthening Malaysia’s footprint in the global halal economy.
 
Mr. Abraham Thomas, Chairman & Managing Director of Mac World Group, stated:
“We are proud to mark a significant milestone in Mac World’s global expansion with the facility in Dubai, made possible with the support of EXIM Bank Malaysia. As the agri-food industry evolves, Mac World continues to lead with a strong focus on sustainability, quality, and innovation. Our mission to bring premium Malaysian halal food products to the world is now active in over 80 countries through our trusted brands.
This new facility in the United Arab Emirates will play a pivotal role in serving the growing demand in the GCC region and is projected to contribute over USD100 million in annual revenue. With strategic hubs across Southeast Asia, the Middle East, South Asia, Sub-Saharan Africa, and Oceania, Mac World continues to drive its vision of delivering world-class halal food solutions globally.
We extend our sincere gratitude to EXIM Bank Malaysia for their unwavering support — both at home and abroad — as we continue to champion Malaysia’s halal industry on the global stage.”
 
The global halal food industry is on a remarkable growth trajectory, set to hit USD5 trillion by 2030 and Malaysia is at the forefront of this expansion. In 2024, Malaysia’s halal industry generated RM62 billion, projected to grow to RM500 billion by 2030, contributing 11% to GDP and creating 700,000 job opportunities, reinforcing Malaysia’s role as a powerhouse in the global halal economy. Aligned with the Halal Industry Master Plan (HIMP), EXIM Bank is supporting Malaysia’s halal industry with Shariah-compliant banking facilities, credit takaful, export advisory services, and comprehensive trade support, empowering Malaysian businesses to capitalize on the immense opportunities in this thriving global sector.
 
For more information, visit www.exim.com.my or contact 03-2601 2089.

ABOUT EXIM BANK
Established on 29 August 1995, Export-Import Bank of Malaysia Berhad (EXIM Bank) provides financing and advisory support to Malaysian businesses pursuing global ventures across diverse sectors. EXIM Bank fulfills its mandate to enhance the competitiveness of Malaysian industries internationally, offering comprehensive banking and insurance products.
 
Effective 1 May 2025, EXIM Bank became a subsidiary of Bank Pembangunan Malaysia Berhad (BPMB). 

SOURCE: EXIM BANK

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Azmin Hamzah
Head 
Corporate Communication Department 
Tel: +603 2601 2371
Fax: +603 2601 2469
Email: azmin@exim.com.my 
Website: www.exim.com.my 

Name: Sheila Shaik 
Senior Manager  
Corporate Communication Department 
Tel: +603 2601 2383
Fax : +603 2601 2469
Email : sheila.shaik@exim.com.my 
Website : www.exim.com.my

--BERNAMA