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Bank Omran and Bank Taamir co-finance a development of a commercial office complex in Riveredge Commercial Centre, Kuching, Sarawak. Both of the bank contributed RM6,000,000
Bank Omran and Bank Taamir co-finance a development of a commercial office complex in Riveredge Commercial Centre, Kuching, Sarawak. Both of the bank contributed RM6,000,000 as capital to Saffah International, the developer. They agreed on PSR of 75:25 (capital provider: entrepreneur). The project completed in 3 years with the following outcome:
Year | Profit / (Loss) |
1 | (1,600,000) |
2 | 7,550,000 |
3 | 11,000,000 |
Calculate the distribution of profit/(loss) to all parties.
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