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Malaysian tycoon, Middle Eastern investors eye Islamic bank
Published:  Jul 6, 2003 4:06 AM
Updated: Jan 29, 2008 10:21 AM

A group of investors linked to local tycoon Syed Mokhtar Al-Bukhary and mainly from the Middle East are believed to be eyeing a controlling stake in Bank Muamalat, an Islamic bank in Malaysia, a report said today.

The Edge business newspaper said the group had sent out feelers to state-owned fund Khazanah Nasional Bhd with the view of acquiring its 70 percent stake in the Islamic bank.

It quoted a source as saying: "... the group has expressed interest and Khazanah will sell if the price is right."


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