Al Rajhi Bank eyes Asean expansion


New areas: Nik Norzrul says the bank needs to tap into new markets in the region to enhance its earnings

PETALING JAYA: Al Rajhi Bank Malaysia outgoing chairman Datuk Seri Dr Nik Norzrul Thani Nik Hassan Thani said his successor would continue with the plan to expand the bank’s operation into the region, targeting neighbouring markets like Singapore and Indonesia.

The Malaysian unit of the world largest Islamic bank, he said, is in the process of seeking regulatory approvals to realise its regional ambition.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Al Rajhi Bank , Islamic banking

Next In Business News

Trump hikes US global tariff rate to 15%
The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer

Others Also Read