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NEW DELHI: Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd’s oil refining and chemicals business, people with knowledge of the matter said.
RIYADH: Saudi Aramco is joining a group led by ACWA Power to build a nearly US$1bil (RM4.24bil) solar power plant in the kingdom as the world’s largest oil-exporting nation expands renewable energy supply.
DUBAI: Al Rajhi Bank, Saudi Arabia's second-biggest lender, posted a 48% jump in quarterly profit, helped by an increase in net financing and investment income, and fees from banking services.
WITH its debt at a massive RM7.5bil, it is no wonder that talk is that Boustead Holdings Bhd’s asset monetisation programme is shifting to higher gear. Word is that its crown jewel, namely, its holding stake in Affin Bank Bhd, could be next.
Al Rajhi Bank Malaysia has appointed Marlene Kaur as its corporate affairs director and Mo Khurram Zia as the transformation and change management chief.
KUALA LUMPUR: The High Court here was told that the 263 handbags of various brands, 27 pairs of shoes as well as 10 pieces of luxury watches seized by police from the residence of Datuk Seri Najib Razak relating to the misappropriation of 1Malaysia Development Bhd (1MDB) funds were gifts from friends and dignitaries.
KUALA LUMPUR (Bernama): The High Court here was told that 263 handbags of various brands, 27 pairs of shoes as well as 10 luxury watches seized by police from the residence of Datuk Seri Najib Tun Razak relating to the misappropriation of 1Malaysia Development Berhad (1MDB) funds were gifts from friends and dignitaries.
KUALA LUMPUR (Bernama): The High Court here on Monday (April 5) was told that a bungalow in Tanjung Bungah, Penang, owned by Puan Sri Goh Gaik Ewe, the mother of fugitive businessman, Low Taek Jho, or Jho Low, should not be a subject matter on the ongoing forfeiture suit, as it is not related to the 1Malaysia Development Berhad (1MDB) scandal.