HSBC Malaysia partners Serba Dinamik in its global expansion

Serba Dinamik Holdings Berhad, an international energy engineering group, founded 27 years ago has successfully carved a presence for itself in our own shores to ASEAN and beyond. The Group has operational facilities in Malaysia, Indonesia, the United Arab Emirates, Bahrain and the United Kingdom.

HSBC Malaysia, the Group’s main bank and largest lender, has supported Serba Dinamik in their business mission across domestic, regional and international markets in their 15-year relationship, and will continue to stand with the Group in its various ventures moving forward.

“HSBC is honoured to have the privilege of being part of Serba Dinamik’s growth journey, said Karel Avni Doshi, Country Head of Corporate, Commercial Banking, HSBC Malaysia. Our in-depth understanding of market dynamics gives us the edge to collaborate with this energy engineering group in delivering its key landmark transactions over the years.”

HSBC has supported the Group with various financing solutions for its business expansion plan, including working capital facilities to support Serba Dinamik’s financing requirement for its international business division, predominantly in the Middle East.

Dato Dr Ir Ts Mohd Karim Abdullah, Group Managing Director and Group CEO of Serba Dinamik Holdings Berhad

In a statement, Group Managing Director and Group CEO of Serba Dinamik Holdings Berhad, Mohd Karim Abdullah said they are pleased to work with HSBC for their strong geographical network, and the Bank is well positioned to support local businesses in Malaysia such as theirs in their growth in Southeast Asia and the world.

“The Group is committed to continue strengthening its position in Southeast Asia and the Middle East,” the Group Managing Director and CEO said. Whilst Malaysia remains as the largest revenue generating country for the Group, the Middle East region continues to be its largest revenue contributor for the past five financial years.

“HSBC acknowledges Serba Dinamik’s transition to sustainable operations in driving their growth ambitions. As we continue to develop sustainable product offerings, we work closely with Serba Dinamik to see how we can extend our support to enable them to realise their sustainability goals,” Karel further commented.

This year, HSBC Amanah Malaysia Berhad (HSBC Amanah Malaysia) was the Mandated Lead Arranger and Bookrunner and Underwriter for the RM1.2 billion Syndicated Commodity Murabahah Term Facility for Serba Dinamik which was completed in January.

This followed two other successful sukuk mandates; namely Serba Dinamik’s debut USD300 million High-Yield Sukuk in May 2019 and the USD200 million Sukuk issuance in December 2019.

All these three happened within a span of nine months, with HSBC Amanah Malaysia playing a lead role in each of the transactions. HSBC Amanah Malaysia, committed to transforming into a sustainable banking entity, is accelerating efforts to become the HSBC Group’s first Sustainable Bank to deliver positive impact to both people and the planet, at the same time, meeting shareholders’ interests.

For more than 130 years, HSBC has played an important role in Malaysia’s growth and development. Throughout the years, HSBC continues to support Malaysian companies such as Serba Dinamik; connecting them to business opportunities and enabling them to thrive in the domestic market as well as the wider region.

Given the Bank’s extensive global presence and ability to successfully tap into local growth prospects, they are ideally positioned as a financial partner to theri customers as they expand their presence further.

 

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