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.

Limited time offer:
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Monthly Plan

RM13.90/month
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Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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Business , Bank Muamalat , DRB-Hicom , banking , IPO , listing ,

   

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