MIDF group managing director Datuk Charon Mokhzani said:
PETALING JAYA: Bank Negara has given its approval for the talks to merge Malaysian Industrial Development Finance Bhd (MIDF) with Al Rajhi Banking & Investment Corp (M) Bhd.
MIDF said it had received a letter from the central bank saying that the latter has no objections for MIDF and its sole shareholder, Permodalan Nasional Bhd (PNB), to start talks with Al Rajhi Banking & Investment Corp for the proposed merger.
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