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KFH close to Malaysia stake
- Kuwait: Sunday, February 04 - 2007 at 08:57
The Kuwait Finance House is planning to buy into Malaysia's fourth biggest bank, RHB Capital, and is looking to pay nearly $1.3bn to secure a 32% stake and wipe out the bank's debts, reported Reuters citing the Business Times. KFH would buy a stake in Rashid Hussain, the bank's indebted parent company, from the Utama Banking Group. The deal was first rumoured last November.
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Jonathan Sheikh-Miller, Deputy EditorSunday, February 04 - 2007 at 08:57 UAE local time (GMT+4)
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