Sarawak acquires 31.25 pct stake in Affin Bank

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Abang Johari (centre) witnesses the exchange of agreement documents between Sarawak Financial Secretary Dato Sri Dr Wan Lizozman Wan Omar (left) and LTAT CEO Mohammad Ashraf Md Radzi. – Photo by Kong Jun Liung

KUCHING (Sept 27): The Sarawak government is now the largest strategic partner in Affin Bank Berhad with the acquisition of a 31.25 per cent stake following the signing of a Sale Purchase Agreement with Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Berhad today.

The signing ceremony of the agreement was witnessed by Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.

In his speech, Abang Johari said this strategic move marks a significant step forward for Sarawak together with Affin Bank in becoming a notable player in Malaysia’s banking landscape.

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