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MIDF says Bank Negara gives nod for merger talks with Saudi's Al Rajhi


  • Banking
  • Thursday, 10 Jan 2019

KUALA LUMPUR: Bank Negara Malaysia has given its approval for the talks to merge Malaysian Industrial Development Finance Bhd (MIDF) with Al Rajhi Banking & Investment Corporation (Malaysia) Bhd.

MIDF said on Thursday it had received a letter from the central bank that it has no objections for MIDF and its sole shareholder Permodalan Nasional Bhd (PNB) to start talks with Al Rajhi Banking & Investment Corporation for the proposed merger. 

Banking , M&A

   

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