KUALA LUMPUR: CIMB-Principal Islamic Asset Management Sdn Bhd, the joint venture between CIMB Group
and the Principal Financial Group Inc (PFG), is targeting to raise funds for its asset management activities from countries in the Gulf Cooperation Council (GCC).
CIMB group chief executive Datuk Seri Nazir Razak said the new company, in which CIMB and PFG would have equal shares, eyed the GCC countries due to their booming oil revenues.
