Malaysian Rating Corporation Berhad (MARC), one of Malaysia’s leading financial services providers, held its 28th Annual General Meeting (AGM), themed "Excellence Through Synergy" via virtual streaming earlier today.
In his review of the company's financial results for the year ended December 31, 2023, MARC Chairman Tan Sri Dr Nik Norzrul Thani N.Hassan Thani reported that the company achieved total revenue of RM25.74 million, a 5.3% increase compared to the previous year. This growth was primarily driven by an 8.6% increase in existing rating revenue, totalling RM18.12 million compared to RM16.69 million in the previous period. These robust financial results underscore the trust placed by the financial community, including investors and stakeholders, in MARC’s business lines.
In 2023, MARC Ratings was named Best Islamic Rating Agency 2023 at the 13th Global Islamic Finance Awards (GIFA).
“MARC remains steadfast in delivering value to our clients while fostering a culture of excellence and innovation. Throughout the past year, we have made strategic investments in our people, processes, and technology, enhancing operational efficiency and elevating the quality of our products and services," he added.
