ARB IOT Group Limited Secures Yearly Recurring Order of Approximately USD20 Million in Smart IoT Palm Farming Business in Sabah
ARB IOT Group Limited - Ordinary Shares (ARBB)
Company Research
Source: GlobeNewswire
Kuala Lumpur, Malaysia, March 11, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQ: ARBB) is pleased to announce that its wholly-owned subsidiary, ARB Agro Technology Sdn Bhd through its exclusive wholesaler, distributor, and system integrator, Whizzl Sdn Bhd, has obtained an order to manage 3,000 acres of palm oil plantations with its AI Smart IoT Palm Farming System which is expected to enhance the operational efficiency of the palm oil estates and improve the yield in the Sabah region, Malaysia. Palm oil production is a major industry in Malaysia, and palm oil is one of the country’s leading agricultural exports globally. Malaysia is the world’s second-largest producer and exporter of palm oil, after Indonesia. In 2022, it exported around 15 million metric tons of palm oil and palm-based products. These exports were valued at around 137 billion Malaysian ringgit (approximately USD 30.4 billion). In total, the palm oil industry contributed arou
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Sec Filings
- 12/16/25 - Form SCHEDULE
- 10/31/25 - Form 20-F
- ARBB's page on the SEC website