Press Release

Date: 
11-08-2017
1MDB makes payment to IPIC
1MDB makes payment to IPIC
Category: 

1Malaysia Development Berhad (1MDB) is pleased to announce that pursuant to the Amendment dated 8 August 2017 to the Settlement Deed with Minister of Finance (Incorporated) Malaysia and International Petroleum Investment Company PJSC (IPIC), 1MDB has now remitted, to date, the equivalent of US$350 million to IPIC.

The balance of the original 31 July 2017 payment obligation to IPIC is accordingly now due on 31 August 2017.

All funds paid to IPIC are from proceeds of the on-going rationalisation programme.