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Article: KFH forming group to buy RHB stake

Article from:
New Straits Times
Article date:
December 20, 2006
Author:
Copyright

Adeline Paul Raj
New Straits Times
12-20-2006
KFH forming group to buy RHB stake
Byline: Adeline Paul Raj
Edition: Main/Lifestyle
Section: Business Times
Type: News

KUWAIT Finance House (KFH) may rope in rich Middle East investors to be part of the group bidding for a stake in banking group Rashid Hussain Bhd (RHB), analysts say.

KFH, one of the world's largest Islamic banks, is putting together a consortium of investors to buy Utama Banking Group Bhd (UBG)'s 32.8 per cent stake in RHB.
It declined to reveal the names of the investors, although speculation in the market is that these could be Gulf Cooperation Council (GCC) investors looking for investment opportunities in Malaysia.

KFH had ...

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