Sunday 27 Sep 2026
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KUALA LUMPUR (May 8): Citaglobal Bhd (KL:CITAGLB) is exploring telecommunications and renewable energy projects in East Java, Indonesia, through a one-year agreement with Pimpinan Wilayah Muhammadiyah Jawa Timur (PWMJT), one of Indonesia’s oldest and most influential Islamic organisations overseeing 3,000 institutions in the region.

The plan involves piloting 250 telecommunication towers and five megawatts (MW) of solar energy at PWMJT’s schools, hospitals and universities.

Feasibility studies will begin within six months of the May 7 agreement signing.

Citaglobal’s chairman, Tan Sri Mohamad Norza Zakaria, highlighted East Java as a strategic entry point for the Indonesian market.

The partnership focuses on combining telecommunications, renewable energy, and facilities management with a socially responsible approach.

For the financial year ended Dec 31, 2024, Citaglobal reported a 60.02% increase in net profit to RM14.9 million and a 41.9% revenue rise to RM291.67 million, driven by strong performance across most sectors.

At Thursday’s noon break, shares of Citaglobal slipped half a sen or 0.63% at 78.5 sen, valuing it at RM336.1 million.

Edited ByPresenna Nambiar
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