MBSB BANK FUNDS RM95.8M FOR JEMALUANG DAIRY VALLEY TO DELIVER 14 MILLION LITRES OF MILK ANNUALLY BY 2027

PETALING JAYA, Feb 25 (Bernama) -- MBSB Bank Berhad (“MBSB Bank”) has provided a RM95.8 million structured facility to Jemaluang Dairy Valley Sdn Bhd (JDVSB), a strategic joint venture between Kulim (Malaysia) Berhad and A2 Fresh Holdings. This landmark commitment catalyzes Johor Corporation’s (JCorp) mandate to industrialize Malaysia’s agritech sector, positioning the East Coast Economic Region (ECER) as a high-yield regional food hub.

The capital will fund the deployment of Tier-1 dairy infrastructure, including the acquisition of high-yield A2 Jersey Friesian cattle and a world-class processing facility capable of producing 14 million litres of milk annually by 2027.

This initiative directly address critical gap in the high reliance on imported dairy and supports the national agenda for food resilience, transforming a fragmented landscape into a high-output, tech-driven industry.

Group Chief Executive Officer En Rafe Haneef commented: “We view food security as a critical asset class that demands large-scale capital, as reflected in our RM1 billion AgroESG mandate. This RM95.8 million facility serves as a commitment to anchor Johor’s first fully integrated dairy ecosystem, creating a tech-enabled, ESG-compliant infrastructure that is vital to strengthening Malaysia’s domestic self-sufficiency.” 

Mr. Qasem Alhasan, Chief Executive Officer of Jemaluang Dairy Valley Sdn Bhd said: "JDVSB is designed as an end-to-end dairy ecosystem - combining world-class farming technology, sustainable practices and local talent development – to deliver high-quality, locally produced milk at scale while supporting Malaysia’s long-term food security goals.” 

The Blueprint for Industrialized Agriculture 

The Jemaluang Dairy Valley project serves as a definitive proof of concept for Precision Agriculture 4.0. Beyond the financing, the project’s significance lies in its circular economy integration, where advanced waste management systems convert bovine byproduct into organic fertilizers, effectively stripping synthetic inputs out of the supply chain. This is paired with a genetic optimization strategy, utilizing 1,000 imported A2 cattle with projected yields that nearly triple local production averages.

Furthermore, the project acts as a catalyst for human capital transformation within the ECER. Through a structured technical "up-skilling" program, local labor is being transitioned into high-value roles within the modern agritech sector, ensuring that the economic benefits of this facility extend deep into the community.

About MBSB Berhad

MBSB Berhad (MBSB) is a dynamic financial services group with a longstanding role in supporting the nation’s financial system and economic development. MBSB is the holding company of MBSB Bank Berhad, MBSB Investment Bank Berhad (formerly MIDF Amanah Investment Bank), and Malaysian Industrial Development Finance Berhad (MIDF). MBSB Bank Berhad is a progressive Islamic bank offering comprehensive Shariah-compliant banking solutions to retail, SME, and corporate customers, with a strong emphasis on innovation and sustainable financing. MBSB Investment Bank Berhad serves as the Group’s investment banking and capital markets arm, providing advisory, research, equity brokerage, and capital markets services. MIDF plays a pivotal role in supporting business and industrial development through development finance, nurturing a resilient and thriving SME ecosystem, complemented by its asset management capabilities. 

SOURCE: MBSB Berhad (MBSB)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Norsiah Juriani Johari
Group Head
Group Communications & Marketing Department
Group Corporate Strategy
Tel: +6012 900 1907 
Email: norsiah.johari@mbsb.com 

Name: Arna Farisa Binti Mohamad Isa
Senior Manager
Group Communications & Marketing Department
Group Corporate Strategy 
Tel: +6013 394 2590
Email: arna.farisa@mbsb.com 

--BERNAMA