PETALING JAYA: AMMB Holdings Bhd
has appointed Shafiq Abdul Jabbar as its group chief financial officer (CFO) with effect from Feb 15 next year.
In a filing with Bursa Malaysia, AMMB said Ling Fou-Tsong @ Jamie Ling, 55, who was appointed as the group chief executive officer of AMMB and chief executive officer of AmBank (M) Bhd last month, will now relinquish the role of group CFO to Shafiq, 46.
Shafiq joined Astro Malaysia Holdings Bhd in January 2017. Prior to that, he was with CIMB Group Holdings Bhd from May 2010 as its group financial controller and Malaysian CFO.
For its second quarter ended Sept 30, 2023, AMMB posted a net profit of RM469.78mil, up from RM426.84mil in the same quarter last year.
The group’s basic earnings per share rose to 14.2 sen from 12.89 sen in the comparative quarter.
Revenue was slightly lower at RM1.12bil from RM1.18bil in 2Q23.
In line with the performance, the group declared an interim dividend of six sen per share, which translates to a dividend payout ratio of 23% for the first half of its financial year ending March 31, 2024.
