told Bursa Malaysia that Tunku Alina Raja Muhd Alias, Lynette Yeow Su-Yin and Aw Hong Boo have been selected as independent non-executive directors, while Sazaliza Zainuddin as non-independent non-executive director at AFB.
has entered into a conditional share purchase agreement with Middle Eastern investors in AFB to acquire the Islamic lender wholly for 644.
Combining entities as large as CIMB and RHB will be lengthy, and the addition of MBSB
is likely to make the integration even more complex,'' it said.
has told Bursa Malaysia that once the consideration stock are listed on Feb 8, 2018, a sum of RM24.
While the Sukuk holders have security over the Tranche one Cover Assets, their access to these assets may be delayed or frustrated in the event MBSB
81 million representing the deposit paid on the portion of the purchase consideration settled via the consideration shares will be refunded to MBSB
intends to utilise the proceeds from the Sukuk Murabahah issuance under the Unrated Sukuk Murabahah Programme for the following Shariah-compliant purposes:
The MBSD said, 'on behalf of the board of directors of MBSB
, AmInvestment Bank Berhad wishes to announce that Bank Negara Malaysia (BNM) has vide its letter dated 15 January 2016 stated that it has no objection to MBSB
's application for the extension of time until 2 February 2016 to conclude the negotiations with DRB and Khazanah' [shareholders in Bank Muamalat Malaysia] for the proposed merger and to submit the formal application to BNM.
will provide a Tawarruq funding facility of RM161.
In an announcement made to Bursa Malaysia on 2 February Malaysia Building Society Berhad (MBSB
), DRBHICOM Berhad and Khazanah Nasional Berhad reported that they have decided to end negotiations for the proposed merger of MBSB
and Bank Muamalat Malaysia Berhad.