Aabar raises RM1.25bil in RHB Bank placement


CIMB Research regards RHB Bank as one of the biggest beneficiaries of the rate hike, together with Alliance Bank.

PETALING JAYA: Aabar Investments PJS sold 231 million RHB Bank Bhd shares at RM5.45 each for a total of RM1.26bil, Bloomberg reported yesterday.

The shares, at RM5.45, were at the top end of the indicative range, according to terms for the deal obtained by the news agency.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

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!

RHB Bank , Aabar , shares , sale ,

   

Next In Business News

Oil falls on prospect of higher-for-longer US rates
Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
Wellness a top priority
InNature diversifies into the F&B industry
Tolerance for a cheaper yuan may be temporary
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
China’s push for greener aluminium hit by erratic rains, power cuts

Others Also Read