Bank Muamalat listing? IPO a challenge due to volatile market

f it could not find a suitable buyer, there is a possibility that Bank Muamalat will go for listing,

PETALING JAYA: A potential listing of Bank Muamalat Malaysia Bhd could be an option should its major shareholder DRB-Hicom Bhd fail to find a suitable suitor to buy up a stake in the bank.

“The requirement to pare down its (DRB-Hicom’s) stake in Bank Mualamat is to comply with Bank Negara’s requirements from current 70% to 40%, which has been delayed for a few years.