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RHB delays $575m rights issue after Aabar capRHB Capital, Malaysia's fourth largest bank by assets, has postponed a 2.5 billion ringgit ($575 million) rights issue by almost two months, it said in a stock exchange filing on Wednesday. The delay comes More… |
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Aabar gets $1.9bn ADCB loan to fund RHB dealSovereign fund Aabar, which bought Abu Dhabi Commercial Bank's 25 percent stake in Malaysian group RHB Capital, will get a $1.9 billion loan from ADCB to pay for the deal, two sources familiar with the matter said. Aabar parent Internation More… |
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Aabar mulls write-down of $1.9bn RHB dealAbu Dhabi fund Aabar is considering a write-down of its $1.9 billion purchase of a 25-percent stake in Malaysia's RHB Capital, a source said, after the deal's rich pricing helped scupper long-awaited consolidation in Malaysia's banking More… |
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Abu Dhabi backs key Malaysia bank mergerAbu Dhabi will remain a substantial shareholder in Malaysian lender RHB Capital and is supportive of a potential merger involving the bank, Malaysian Prime Minister Najib Razak said. RHB, Malaysia's fifth-largest lender with a market value More… |
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ADCB plans to sell RHB stake to AabarAbu Dhabi Commercial Bank (ADCB) will start talks to sell its RHB stake to Abu Dhabi investment fund Aabar and has won Malaysian central bank approval for the move, it on Sunday. ADCB's plans to sell its 25 percent stake in RHB -- valued a More… |
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ADCB to go ahead with RHB stake saleAbu Dhabi Commercial Bank (ADCB) is proceeding with the auction of its stake in Malaysian bank RHB and won't let planned bids by lenders Maybank and CIMB for RHB derail the process, a source said on Monday. RHB, Malaysia's fifth-la More… |
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ADCB hires Goldman to sell $1.4bn RHB stakeAbu Dhabi Commercial Bank (ADCB) has hired Goldman Sachs to sell its 25 per cent stake in Malaysian bank RHB Capital valued at $1.4 billion, two sources with direct knowledge of the matter told Reuters on Saturday. ADCB had shortlisted thr More… |
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Abu Dhabi bank buys RHB stake for $1.23bnAbu Dhabi Commercial Bank bought 25 percent of Malaysia's fourth-largest lender, RHB Capital, for $1.23 billion on Thursday. The bank said its new asset was poised for rapid earnings growth. The United Arab Emirates bank, the third More… |
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UAE bank gets nod for RHB stake buyAbu Dhabi Commercial Bank is believed to have received approval to buy a 25 percent stake in Malaysia's fourth-largest lender, RHB Capital. The Star daily said the United Arab Emirates bank is buying the stake at between 7.20 and 7.40 ring More… |
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KFH eyes 20-30 RHB Bank branchesKuwait Finance House wants to buy 20-30 branches of Malaysia's RHB Bank, the chief of the Gulf bank's Malaysian unit said. RHB Bank, a wholly owned unit of RHB Capital Bhd, Malaysia's fourth-largest lending group, had said this month that More… |
