Company: VCIG
Filing Date: 2025-01-22
Form Type: 424B5
Source: 0001213900-25-005366
Chunk: 0

Company: VCI Global Ltd
Filing Date: 2025-01-22
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)

Registration Statement No. 333-279521

Prospectus Supplement

(To Prospectus dated May 28, 2024)

<div align='center'>Up to $139,327,348

Ordinary Shares</div>

This prospectus supplement amends and supplements
the prospectus supplement dated December 17, 2024 and accompanying prospectus dated May 28, 2024 (collectively the “”)
relating to (i) the issuance and sale of our ordinary shares, no par value per share (the “”), to Alumni
Capital LP (“”) upon the satisfaction of certain conditions set forth in the Purchase Agreement (the
“”) dated August 1, 2024, between us and Alumni Capital and amended by a Modification Agreement
dated as of September 27, 2024 and the Amended Modification Agreement dated as of January 13, 2025, at a purchase price per share calculated
under the Purchase Agreement and (ii) a three-year ordinary share purchase warrant issued on August 1, 2024 (the “”) to purchase ordinary shares (the “” and together with the Purchase Shares, the “”) pursuant to the Commitment Warrant at an exercise price determined by a formula that is described under “Alumni Capital Transaction.”

We are filing the Prospectus Supplement to amend the
ELOC Prospectus to update (i) the maximum amount of our ordinary shares that may be sold to Alumni Capital under the ELOC Prospectus and
Purchase Agreement from $20,077,348 to $120,077,348; (ii) the maximum amount of Warrant Share that may be issued and sold to Alumni Capital
under the ELOC Prospectus and Commitment Warrant from $6,000,000 to $19,250,000; (iii) the definition “”
to mean with respect to any Closing Date, the lowest traded price for the ordinary shares for the five (5) consecutive Business Days immediately
prior to such Closing Date multiplied by 90% (previously 85%) and (iv) the amount of Warrant Shares underlying the Commitment Warrant
from 20% of the Commitment Amount to 15% of the Commitment Amount.

Alumni Capital is an underwriter within the meaning of Section 2(a)(11)
of the U.S. Securities Act of 1933, as amended (the “”). The registration of the Offered Shares hereunder