Sarawak State Government plans to increase stake in Affin Bank

KUALA LUMPUR: The Sarawak state government will soon raise its stake in Affin Bank to be a more significant shareholder in the bank.

The negotiations are still ongoing and the shareholding changes will be announced in due course taking into consideration Bursa regulatory requirements, said Sarawak Premier Tan Sri Abang Johari Openg.

He spoke at a press conference hosted by Affin Bank in the KL this evening.

The Sarawak state government now has a 4.95% stake since it surfaced in April 2023.