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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Malaysia’s BIMB gets offer notice for Bank Muamalat

Posted on 13 May 2011

Malaysia’s BIMB Holdings has received notice from sovereign wealth fund Khazanah Nasional Bhd and conglomerate DRB-Hicom of their intention to sell Bank Muamalat to the company, state news agency Bernama reported.
A newspaper report citing unnamed sources had said in April that Khazanah Nasional would start talks to sell its 30 percent stake in Bank Muamalat to Islamic financial group BIMB Holdings……………………………………….Full Article: Source


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