Aabar Investments PJSC, the Abu Dhabi sovereign wealth fund which announced last June that it was acquiring Abu Dhabi Commercial Bank PJSC's (ADCB) 25% stake in RHB Capital Bhd, will not get a good price if the stake is sold at current market conditions.
Bank analysts said the timing of the stake sale, if it was true Aabar was seeking buyers for the stake, was unfortunate given the volatility of the markets.
Reuters reported that Aabar was exploring the sale of the stake and had engaged in early talks with Sumitomo Mitsui Banking Corp.
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