Khazanah awaits result of Bank Muamalat-MBSB talk

Wait and see: Khazanah Nasional Bhd deputy chairman Tan Sri Nor Mohamed Yakcop (left) and managing director Tan Sri Azman Mokhtar at the Khazanah Megatrends Forum 2015 in Kuala Lumpur. Azman says Khazanah will wait for the outcome of a merger talk between Bank Muamalat Malaysia Bhd and Malaysia Building Society Bhd before deciding what to do with its stake in the Islamic bank. See page 3

KUALA LUMPUR: Khazanah Nasional Bhd will wait for the outcome of a merger talk between Bank Muamalat Malaysia Bhd and Malaysia Building Society Bhd (MBSB) before deciding what to do with its stake in the Islamic bank.

Khazanah owns a 30% stake in Bank Muamalat, an asset the state investment fund has always considered a non-core holding.