Malaysia's DRB-Hicom to sell 30 pct Bank Muamalat stake-source

DRB-Hicom wants to sell 30% of its 70% stake at the Bank Muamalat Malaysia that is partly owend by the Malaysian state. Malaysia's central bank has allowed AFFIN Holdings to enter talks with DRB-Hicom casino in order to reduce its stake to a maximum of 40%. Should the deal be successful, AFFIN would become the forth-largest Islamic bank measured by assets.

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