Aabar plans another round of share sale in RHB Bank
The completion of the share sale exercise would see Aabar’s stake in RHB Bank drop to below the 10%-mark. This would also mean that Aabar would no longer be the second largest shareholder of the bank.
PETALING JAYA: Aabar Investments PJS has embarked on another round of equity sale in RHB Bank Bhd, less than a year after it disposed of a 3% stake in the country’s fifth-largest banking group by market value.
The indirect subsidiary of Abu Dhabi sovereign wealth fund Mubadala Investment Co is seeking to sell 191 million shares in RHB Bank at between RM5.43 and RM5.54 per share via a book-building exercise, according to a term sheet.
The completion of the share sale exercise would see Aabar’s stake in RHB Bank drop to below the 10%-mark. This would also mean that Aabar would no longer be the second largest shareholder of the bank.
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