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.

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