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Malaysian banks in $22bn merger pushMalaysia's CIMB Group Holdings and two smaller domestic lenders have agreed to create the country's biggest banking group, in a deal that financial sources say will value the merged entity at around $22 billion. The propos More… |
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Aabar eyes sale of $1.3bn bank stakeAn Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's S More… |
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RHB says ADCB no longer major shareholderMalaysia's RHB Capital said on Tuesday that Abu Dhabi Commercial Bank had ceased to be a substantial shareholder in the company after its unit sold its shares to Aabar Investments. RHB said that ADCB Holdings (Malaysia) had on 30 September More… |
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ADCB Q2 net boosted by RHB stake saleAbu Dhabi Commercial Bank (ADCB) swung to a second-quarter net profit as it booked a $357 million gain from the sale of its quarter-percent stake in Malaysia's RHB Capital. The UAE's fourth largest lender by market capitalisation reported More… |
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ADCB to net $272m from RHB stake saleAbu Dhabi Commercial Bank (ADCB) will record a net profit of 1 billion dirhams ($272.3 million) from the sale of its 25 percent stake in Malaysian lender RHB Capital, the lender said on Sunday. ADCB signed an agreement to sell the stake in More… |
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ADCB hires advisors for Malaysia saleAbu Dhabi Commercial Bank (ADCB), which is considering selling its 25-percent stake in Malaysia's RHB Capital, has hired Goldman Sachs and BOA-Merrill Lynch as advisors, its chief executive said. Ala'a Eraiqat said More… |
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ADCB to buy to stake in Malaysia bankAbu Dhabi Commercial Bank (ADCB) is close to buying a 25 percent stake in Malaysia's fourth-largest banking group, RHB Capital, the Business Times said on Saturday, without citing its source. The Middle Eastern lender may pay as much as 7. More… |
