RHB Investment Bank to divest and exit Thailand stockbroking market

RHB group managing director and CEO Datuk Mohd Rashid Mohamad.

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB), a wholly-owned subsidiary of RHB Bank Bhd, is divesting 99.95% of its stake in RHB Securities (Thailand) Public Company Limited, marking its exit from the Thailand stockbroking and securities market.

RHB IB said the divestment aligned with its long-term strategic focus to optimise capital, streamline resources, and strengthen its presence in core markets.