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Commerce International Merchant Bankers Bhd (CIMB) and Saudi Arabia's Dallah Al Baraka Group have signed a memorandum of understanding (MoU) to form a global Islamic investment alliance.
COMMERCE International Merchant Bankers Bhd (CIMB), through its subsidiary CIMB Islamic, intends to be a prominent player in Islamic financial services in the region via a series of alliances with other Islamic organisations, said CIMB managing director/group chief executive officer Nazir Razak.
KUMPULAN Guthrie Bhd#039;s proposed rationalisation exercise is seen by plantation analysts and industry observers as a move by the plantation giant to position itself as a global plantation player on its own, and not as part of the government#039;s proposed merger of all Permodalan Nasional Bhd (PNB)-linked plantation companies.