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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Insurance (Takaful), Investment more

BIMB not selling stake in Takaful unit to ADKMSIC

Posted on 17 November 2009

From Bernama: BIMB Holdings Bhd Monday announced that the proposal to sell a stake in its Islamic insurance unit to the Abu Dhabi-Kuwait-Malaysia Strategic Investment Corporation (ADKMSIC) has been scrapped.

In a filing to Bursa Malaysia today, BIMB said ADKMSIC had informed BIMB that it was no longer conducive for ADKMSIC to pursue the proposal to buy the stake in view of the changes in the current economic conditions………………..Full Article: Source

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