Our Managing Partner, Ahmad Lutfi Abdull Mutalip, was recently appointed onto the Board of Elridge Energy Holdings Berhad (“Elridge Energy“) as Independent Non-Executive Director, as part of the Company’s plan to go for an IPO.

Ahmad Lutfi is a senior respected lawyer in Islamic banking and finance, known for his distinguished client service and influence in the Islamic banking and banking fraternity.

Elridge Energy manufactures and trades biomass fuel products, focusing on palm kernel shells and wood pellets, primarily serving Asia-Pacific customers in Malaysia, Singapore, Indonesia, and Japan.

Elridge Energy’s listing on Bursa Malaysia’s ACE Market saw a 38% gain, with a market capitalisation of RM800 million and a trailing earnings value of 33 times its earnings per share.

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Corporate Communications
Azmi & Associates
13 September 2024