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Tabung Haji's stake in Bank Islam set to rise.
Byline: Adeline Paul Raj
CASH-RICH pilgrim fund Lembaga Tabung Haji has taken up Dubai Group's entire portion of convertible preference shares in Bank Islam Malaysia Bhd, sources said.
This means that Bank Islam, Malaysia's oldest Islamic bank, has managed to successfully raise RM540 million to strengthen its capital base and fund its growth plans.
It also means that Tabung Haji's stake in Bank Islam, which stands at 9 per cent currently, will increase substantially to around a fifth of the lender upon conversion of the shares.
Dubai Group, which last week declined its entitlement of the preference shares, will see its stake diluted to around 30 …
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- BANK ISLAM MADE SAVINGS COLLECTION AGENT FOR TABUNG HAJI.
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News wire article from: BERNAMA The Malaysian National News Agency
March 11, 2002
700+ words
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- Dubai group, Tabung Haji buy stake in Bank Islam.
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Magazine article from: Business Times (Malaysia)
July 1, 2006
700+ words
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- DIG, Tabung Haji complete purchase of Bank Islam stakes.
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Magazine article from: Business Times (Malaysia)
October 17, 2006
700+ words
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- DUBAI FINANCIAL & TABUNG HAJI BUY 49 PCT STAKE IN BANK ISLAM.
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News wire article from: BERNAMA The Malaysian National News Agency
June 30, 2006
700+ words
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- Tabung Haji to take up RM216m of Bank Islam preference shares.
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Magazine article from: Business Times (Malaysia)
October 10, 2009
700+ words
