PBLT Sdn Bhd (formerly known as Pembinaan BLT Sdn Bhd) is a company owned by the Minister of Finance Incorporated (MKD) specialising in both public and private property and infrastructure facilities. PBLT was established in 2005 as the Government’s response to the 2004 Report of the Royal Commission to Enhance the Operation and Management of the Polis DiRaja Malaysia (PDRM).
We are the developer of 74 PDRM projects nationwide consisting of quarters, administrative offices and training facilities with a Gross Development Cost (GDC) of RM9 billion. Notably within the 74 PDRM projects, there are a total of 9,225 units of living quarters ranging from apartments, terrace houses and bungalows. Over the period of 18 years, PBLT has been successfully transforming property and infrastructure facilities, modernising the working environment and improving the living standard of PDRM workforce and their families.
PBLT had rolled out its Islamic Medium Term Notes (IMTN) for 15 years programme. It has a nominal value of up to RM10 billion in IMTN under the Musyarakah principle. The issuer of IMTN programme is Aman Sukuk Berhad (ASB), a wholly owned subsidiary of PBLT, established in 2010. The Malaysian Rating Corp Berhad (MARC) had assigned a final credit rating of AAA to ASB’s IMTN with a stable outlook. The proceeds raised from the issuance of the IMTN had been transferred to PBLT to fund the overall costs of the development. Under this IMTN programme, income from sub-lease rental payments will be utilised to redeem ASB’s IMTN programme.
