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.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Al Rajhi Bank , Islamic banking

   

Next In Business News

UMW realigns strategies to promote growth
GIP SUPPORTS MALAYSIA AIRPORTS’ JOURNEY TO GLOBAL EXCELLENCE
How regional digital banks are faring
Malaysia’s competitiveness set to improve further
Asia ESG Positive Impact Consortium pledges sustainability
Genting’s plans for diversification continue to gather momentum
Winning the digital game
IJM Corp secures two construction contracts worth RM962.3mil
KAB rides data centre wave
Nvidia’s gains leave investors wondering – to cash in or buy more?

Others Also Read