RHB INVESTMENT BANK TO DIVEST EQUITY INTEREST INRHB SECURITIES THAILAND

Nov 25, 2024

RHB INVESTMENT BANK TO DIVEST EQUITY INTEREST IN RHB SECURITIES THAILAND

Kuala Lumpur – RHB Investment Bank Berhad (“RHB Investment Bank”), a wholly-owned subsidiary of RHB Bank Berhad (“RHB” or the “Bank”), today announced that it will divest approximately 99.95% of its equity interest in RHB Securities (Thailand) Public Company Limited (“RHB Securities Thailand”) and exit the Thailand stockbroking and securities market. The divestment aligns with RHB Investment Bank’s long-term strategic focus to optimise its capital, streamline resources, and strengthening its presence in core markets.

“The decision to divest RHB Securities Thailand follows a comprehensive review of our business and the operating environment in Thailand,” said Dato’ Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group. “This is part of our ongoing strategy to focus on markets where we can achieve greater impact. During this transition, we are fully committed to ensuring a seamless experience for our clients and maintaining the highest levels of service.”

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