BIMB set to fully own Bank Islam

PETALING JAYA: With BIMB Holdings Bhd’s acquisition of the Dubai Financial Group’s (DFG) 30.5% stake in Bank Islam Malaysia Bhd said to be close to completion, BIMB is now looking to gain full ownership of its unlisted banking subsidiary.

Yesterday, BIMB said in a filing with the stock exchange that it had received Bank Negara’s consent to commence negotiations with Lembaga Tabung Haji (LTH) on the latter’s stake in Bank Islam. BIMB is proposing to buy LTH’s 18.5% interest in Bank Islam.