SCC declares RM14 mln dividend to Sabah 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 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).