16 September 2022

Elnusa Won the Best Sukuk Award in the “Investor Awards – Best Sharia 2022”

Jakarta, 16 September 2022 - PT Elnusa Tbk (ELNUSA, IDX: ELSA) a leading energy services company has been named the Best Sukuk winner in the "Investor Awards - Best Sharia 2022" event held by Investor Magazine on Thursday (15/09). Elnusa as the issuer of Sustainable Sukuk Ijarah I Elnusa Phase I in 2020 was selected to receive an award as the Best Sukuk Ijarah 2022.

The jury consists of Islamic Economics activists, Islamic Economics Academics and event organizers. On this occasion, several categories that become the assessment criteria are fundamentals, transaction liquidity, and storage at fair prices.

Elnusa's Finance Director, Bachtiar Soeria Atmadja said that the Elnusa Sukuk Ijarah is worth IDR 700 billion for a period of 5 years with an ijarah return installment of 9.00% (nine percent) per year is considered high as the best based on daily transactions, in addition specifically for Sukuk, Altman The Z-score was also used as a parameter.

“This award is absolutely amazing. This is a manifestation of Elnusa's commitment to all of our obligations and good performance. Hopefully this will encourage us to continue to maintain good performances.” Bachtiar said.

Bachtiar also said that this Sukuk Ijarah has provided additional strong funding for Elnusa in developing its business in order to record the Company's growth target.

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