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PETALING JAYA: The proposed merger between Malaysian Industrial Development Finance Bhd (MIDF) and Al Rajhi Bank hit a snag due to differences in which set of Islamic laws to apply for the entity.
Malaysian Industrial Development Finance Bhd (MIDF) is finally making its way to become a full-fledged bank.
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) saw 46 million of its shares traded off-market at 72.3 sen a share on Friday.
PETALING JAYA: After two extensions, Malaysian Industrial Development Finance Bhd (MIDF) has finally submitted its proposal to merge with Al Rajhi Banking & Investment Corp (M) Bhd to the central bank.
PETALING JAYA: Besides charting out internal growth strategies, banks will also be carrying out rationalisation and consolidation activities that will increase their scale and potentially reduce overall cost in the long run, according to a rating house.
MBSB Bank Bhd sprang a surprise with an unexpected surge in impairment allowances for the first quarter ended March 31, 2019 (1Q19).
KUALA LUMPUR (Bloomberg): Bahrain’s Bank Alkhair BSC is planning to exit Malaysia after operating in the world’s biggest Islamic bond market for more than a decade, people with knowledge of the matter said.
AFTER Khazanah Nasional Bhd’s partial divestment in IHH Healthcare Bhd, there are at least six locally-listed companies which could see a reduction in shareholding by the sovereign wealth fund (SWF).