Friday 18 September 2015

Bank Negara caps Abu Dhabi investor Aabar’s rights

Bank Negara has reiterated an order capping Aabar Investments PJS’ voting rights in RHB Capital Bhd (RHBCap), as well as putting a limit on the number of new shares the Abu Dhabi investor can subscribe to in the bank.

The order, issued in pursuant of the Financial Services Act 2013, was revealed in a filing by RHBCap to Bursa Malaysia yesterday.

As it stands, Aabar has a 21.09% stake in RHBCap.

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