Was Mubadala’s investment in RHB worth it?
It has been a long haul for Mubadala Investment Co’s journey in RHB Bank Bhd and it does not look like the investment has paid off well.
The Abu Dhabi sovereign wealth fund first bought into RHB in 2008 via its unit Abu Dhabi Commercial Bank (ADCB).
It did so by acquiring a 25% stake in RHB for RM3.9bil from RHB’s largest shareholder, the Employees Provident Fund.
That price worked out to RM7.20 per RHB share.
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