Al Rajhi Bank terminates merger talks with Malaysian financial institution

08/11/2020 Argaam

Al Rajhi Bank terminated negotiations to discuss the possibility of merging one of its wholly-owned companies, Al Rajhi Banking and Investment Corp (Malaysia) and Malaysian Industrial Development Finance Bhd (MIDF).

 

The bank said in a statement on Tadawul that the negotiations were terminated as no deal was reached.

 

In January 2019, Al Rajhi Bank announced that it had entered negotiations to discuss the possibility of merging one of its wholly-owned companies, Al Rajhi Banking and Investment Corp (Malaysia) and Malaysian Industrial Development Finance Bhd (MIDF).

 

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