Tuesday 19 January 2010
Dubai Group May Sell Stake in Bank Islam Malaysia, Reserve Says
Dubai Group LLC, an investment company owned by the Dubai ruler, may sell its stake in Bank Islam Malaysia Bhd. for 1 billion ringgit, Malaysian Reserve reported, citing unidentified people familiar with the plan.
The sale is expected to be completed by June, according to the newspaper. Officials at Bank Islam and its parent BIMB Holdings Bhd. couldn’t be reached for comment, according to the report.
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