SCC declares RM14 mln dividend to State Govt
KOTA KINABALU: Sabah Credit Corporation (SCC) made a profit before tax of RM60 million with total assets of RM2.72 billion for the financial year 2016.
The agency declared a final dividend of RM14 million to the State Government of Sabah for the financial year 2016 and paid an interim dividend of RM8 million on January 10 this year. After the finalisation of the Financial Report, SCC is now able to pay the balance of RM6 million.
With the payment of this RM14 million dividend, SCC has paid a total of RM234 million in gross dividend to the State Government since the year 2002.
Together with the payment of this dividend, SCC will also be paying RM888,044.26 to the state as interest repayment for State Government loans still outstanding.
At the advice of the Islamic Banking and Finance Institute of Malaysia (IDFIM), the Shariah Advisor of SCC's business, the agency will be contributing zakat amounting to RM103,565.64 for financial year 2016. This is the third consecutive year SCC is paying zakat.
To coincide with this dividend payment, Chief Minister Datuk Seri Panglima Musa Haji Aman also witnessed SCC, as part of its CSR initiatives, contribute three Key Portable Eye Surgical Accessories worth RM352,980 to Queen Elizabeth Hospital (QEH) represented by hospital director, Dr Heric Coray.
Sabah has the highest incidence of Bilateral Blindness caused by Cataracts in Malaysia with an estimated over 30,000 or 1.1% of Sabah population. This is a Partnership in Service between SCC, QEH and Rotary Clubs of Sabah. While SCC contributed in these Portable Eye Surgical Accessories, QEH will be contributing the facilities in the various district hospitals and Rotary is donating a grant of RM380,000 to purchase cataract lenses for these operations.
SCC is grateful to be able to give back to the government through the dividend payments and to the people of Sabah through its CSR initiatives. SCC is thankful to the State Government for the continuous and concrete support to SCC. The constant affirmations from the chief minister made it so much easier for the board and management to venture beyond its comfort zone and undertake more business ventures.
Also present at the event were Sabah Credit Corporation chairperson Datuk Linda Tsen Thau Lin, Assistant Minister to the Chief Minister, Datuk Haji Arifin Arif who is also the chairman of MUIS, Finance Ministry Permanent Secretary, Datuk Pengiran Hassanel Datuk Pg Haji Mohd Tahir, Rotary Club of Kota Kinabalu president Dr Ravi Mandalam and Sabah Credit Corporation CEO Datuk Vincent Pung.