At Borneo Housing, we offer home end financing. We are the principal agent appointed by the State Government of Sabah and Sarawak to provide and manage housing financing for the civil servants in the two States including employees of Government agencies and statutory bodies.
We also provide end financing for purchases of commercial building.
To complement the end financing activity, we also provide bridging, term and revolving loan facility to qualified developers/contractors of acceptable housing/construction projects.
- It has been exempted by the Ministry of Finance on the recommendation of Bank Negara Malaysia from obtaining a licence under Section 7(4) of the Finance Companies Act 1969;
- It has been accorded the status of approved company under the EPF Ordinance, 1976. The status enables it to borrow from the Employees Provident Fund;
- It has been accorded by the Ministry of Finance on the recommendation of Bank Negara Malaysia the status of prescribed corporation under the Companies Act 1965. This enables it to accept deposits from the public without having to issue a prospectus.
The authorised and paid-up share capital of the Company is as follows: –
|Ordinary Shares||RM 146.0 million||RM 126.4 million|
|Preference Shares||RM 54.0 million||–|
|RM 200.0 million||RM 126.4 million|
The shareholders and their respective shareholdings are as follows: –
|Sarawak Financial Secretary Incorporated||RM 63.2 million||50%|
|Qhazanah Sabah Berhad||RM 63.2 million||50%|
|RM 126.4 million||100%|
Qhazanah Sabah Berhad is wholly owned by the Sabah State Government.