Abu Dhabi Commercial Bank RHB

Hii sir, I wants to get the Information About the RHB Abar Investment of the Abu Dhabi Commercial Bank ?

[shikha]

Aabar Investments PJS (formerly Aabar Investments PJSC) is a private joint stock company registered and incorporated in Abu Dhabi, UAE.

The company is engaged in investing activities in various industries including infrastructure, aviation, real estate, automotive, commodities, energy and financial services.


RHB Abar Investment of the Abu Dhabi Commercial Bank

In June 2011, Abu Dhabi Commercial Bank (ADCB) and Aabar announced the execution of a binding agreement for the sale of ADCB’s 24.9% stake in RHB Capital Berhad (RHB) to Aabar at a per share price of MYR 10.80.


Upon completion of the transaction, based on 31 March 2011 numbers, ADCB’s Tier 1 ratio increases by approximately 2.04% from 12.39% to 14.43% and total Capital Adequacy Ratio increases by approximately 4.08% from 17.03% to 21.11%.

The purchase of this stake in RHB adds a core asset to Aabar’s financial services investments portfolio.


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