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RHB Bank Singapore seals world's largest Islamic hotel financing deal


From left are Nazmi Camalxaman, head of Islamic banking and Mike Chan, country head/CEO of RHB Bank Singapore.

From left are Nazmi Camalxaman, head of Islamic banking and Mike Chan, country head/CEO of RHB Bank Singapore.

KUALA LUMPUR: RHB Bank's Singapore branch completed the world’s largest Islamic bilateral hotel financing deal with the Royal Group, for a five-star luxury hotel valued at S$300mil (RM888.72mil).

It said on Wednesday the Singapore-based Royal Group is involved in the development and management of real estate primarily in the Asia Pacific region. 

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