KUALA LUMPUR, April 23 — Telecommunications provider Digi is strongly expected to be reinstated to the Securities Commission's Shariah-compliant list by May this year, Kenanga Research said today.

The research house said the group has already achieved a conventional loan-to-total asset ratio of below 33 per cent since the second quarter financial year 2017, which further went down to 21 per cent as at March 2.

It has also submitted its 2017 financial year audited accounts before the March 31 cut-off date.

It also said the group should easily meet the upcoming 700MHz band fee, since it has issued a sukuk bond programme of up to RM5 billion at last year’s second quarter, of which only RM900 million has been disbursed to date.

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