Aabar completes disposal of stake in RHB


RHB Bank was the third top loser on Bursa Malaysia yesterday after shedding 16 sen or 2.74% to RM5.69, dragging the FBM KLCI down by a point.

PETALING JAYA: Abu Dhabi’s Aabar Investments PJS has officially exited RHB Bank Bhd after disposing of its remaining 4.23% stake.

The fund sold the entire 169.52 million shares throughout the whole day yesterday, at RM5.50 according to market data, which would value the block at RM932.38mil.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Aabar , Mubadala , RHB Bank , stake ,

   

Next In Business News

Prices likely to nudge up in second half-year
IOIProp to further elevate group’s net gearing level
SC sues Datuk Dr Yu Kuan Chon for manipulation
DIO approves RM162bil digital investments as at March
Northern Solar focused on enhancing financial resources
Singapore port congestion shows ripple impact of Red Sea attacks
EPF is major shareholder of Aurelius
Ramssol to expand with new acquisition
Bursa snaps losing streak on bargain-hunting
Funding Societies, CGC partner to provide additional financing to SMEs

Others Also Read