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Malaysia Sarawak State Becomes Largest Shareholder with 31% of Affin Bank after Share Purchase Agreement with (Malaysia) Armed Forces Pension Fund (LTAT) & Boustead Holdings, Affin Bank Market Value at $1.6 Billion
4th October 2024 | Hong Kong
Malaysia Sarawak state has become the largest shareholder with 31% of Affin Bank after share purchase agreement with (Malaysia) Armed Forces Pension Fund (LTAT) & Boustead Holdings. Affin Bank current market value is at $1.6 billion. Profile – Affin Bank Berhad operates as the financial holding entity of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd. Generali Insurance Malaysia Berhad and Generali Life Insurance Malaysia Berhad are affiliated companies of Affin Bank Berhad. AFFIN Group provides an exhaustive array of financial products and services catering to both individual and corporate clients. The focus market segments are categorised under essential business units such as Community Banking, Enterprise Banking, Corporate Banking, Treasury, and Investment Banking. As at 16 July 2024, AFFIN BANK has a network of 126 branches in Malaysia.
“ Malaysia Sarawak State Becomes Largest Shareholder with 31% of Affin Bank after Share Purchase Agreement with (Malaysia) Armed Forces Pension Fund (LTAT) & Boustead Holdings, Affin Bank Market Value at $1.6 Billion “
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Malaysia Sarawak State Becomes Largest Shareholder with 31% of Affin Bank after Share Purchase Agreement with (Malaysia) Armed Forces Pension Fund (LTAT) & Boustead Holdings, Affin Bank Market Value at $1.6 Billion
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