Aabar Investments to exit RHB Bank
PETALING JAYA: Aabar Investments PJS is putting up its remaining block of shares in RHB Bank Bhd for sale, marking the Abu Dhabi-based fund’s exit from Malaysia’s fourth-largest lender by asset size.
Sources said Aabar is seeking to sell its entire 9.99% stake or 400.52 million shares in RHB Bank for as much as RM2.22bil.
The sale, to be arranged by CIMB Investment Bank via a book-building exercise, will be priced at a range of between RM5.43 and RM5.54 a share.
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