PETALING JAYA: Amova Asset Management Co Ltd (Amova AM) has entered into a conditional share purchase agreement to raise its stake in AHAM Asset Management Bhd (AHAM Capital) to 97.7% from 20%, subject to regulatory approvals and customary closing conditions.
In a statement, AHAM Capital said it will continue to operate as usual under the continued stewardship of its existing management and leadership team.
“Clients can expect seamless continuity supported by the same teams, alongside enhanced access to innovative solutions and broader regional connectivity through Amova AM, one of Asia’s largest asset management firms,” it noted.
Established in 2001, AHAM Capital, together with its wholly-owned Islamic fund management arm AIIMAN Asset Management Sdn Bhd, has surpassed RM100bil in assets under management as at Nov 30, 2025.
