Bank Islam to assume BIMB listing

PETALING JAYA: The long-awaited restructuring exercise of BIMB Holdings Bhd, which includes the transfer of its listing status to Bank Islam Malaysia Bhd by end-September 2020 and a RM800mil cash call, has been announced.

Bank Islam will be the fourth Malaysian bank since 2016 to assume the listing status of its parent BIMB, following in the footsteps of peers such as Alliance Bank Bhd, Affin Bank Bhd and RHB Bank Bhd.