Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075616
Chunk: 0

Company: VCI Global Ltd
Filing Date: 2025-08-13
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 $92,327,348

Ordinary Shares</div>

This prospectus supplement amends and supplements the prospectus supplement
dated January 22, 2025, which amended and supplemented 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, the Amended Modification Agreement dated
as of January 13, 2025, the Amended Modification Agreement dated May 21, 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 decrease (i) the maximum amount of our ordinary shares that may be sold to Alumni Capital under the ELOC Prospectus
and Purchase Agreement from $120,077,348 to $78,927,348; (ii) the maximum amount of Warrant Share that may be issued and sold to Alumni
Capital under the ELOC Prospectus and Commitment Warrant from $19,250,000 to $13,300,000.

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 does not mean that Alumni Capital will actually purchase or that the Company will actually issue and sell all
or any of the Offered Shares being registered pursuant to the registration statement related to this prospectus supplement.

You should read this prospectus supplement, the