Aabar likely to leverage on 1MDB Energy

Aabar's parent IPIC has provided guarantee to 1MDB's debt papers to help fund purchases of Tanjong and Genting power plants.

MIDDLE Eastern group Aabar Investments PJS is in an interesting position today: it is right smack in the middle of two major corporate developments in Malaysia that are unfolding.

It holds a 21.43% stake in RHB Capital Bhd which potentially puts it in a position to determine the success or failure of the proposed mega-banking merger between that banking group and CIMB Group Holdings Bhd.