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1MDB due to pay RM2.58b to IPIC

Mimi Sabreena 12:09:00 PM Informasi

KUALA LUMPUR: Today is the day that 1Malaysia Development Bhd (1MDB) is due to make good on its settlement agreement with Abu Dhabi’s International Petroleum Investment Company PJSC (IPIC).

The first payment of US$602.725 million (RM2.58 billion) is due to be paid by July 31 midnight, New York time (-12 hours). This gives 1MDB till noon in Malaysia, and many will be watching to see if the state-owned fund can meet its obligations.

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