Aabar raises RM1.25bil in RHB Bank placement
Aabar, which is a unit of Abu Dhabi sovereign wealth fund Mubadala Investment Co, was initially marketing 156 million shares of RHB Bank at RM5.43 to RM5.45 apiece. The placement price was a 1.1% discount to RHB Bank’s last close of RM5.51.
PETALING JAYA: Aabar Investments PJS sold 231 million RHB Bank Bhd shares at RM5.45 each for a total of RM1.26bil, Bloomberg reported yesterday.
The shares, at RM5.45, were at the top end of the indicative range, according to terms for the deal obtained by the news agency.
Aabar, which is a unit of Abu Dhabi sovereign wealth fund Mubadala Investment Co, was initially marketing 156 million shares of RHB Bank at RM5.43 to RM5.45 apiece.
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