<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 14): Aabar Investments PJS is offering 169.5 million shares in RHB Bank Bhd, according to terms of the deal obtained by Bloomberg News.</p></div>

<div class=newsTextDataWrapInner><p>The deal represents about 4.23% in RHB Bank which is the entire stake held by Aabar currently.</p></div>

<div class=newsTextDataWrapInner><p>Bloomberg reported that the shares are being offered at between RM5.45 and RM5.62, which represents a discount of 3.9% to 6.8% to today's closing price of RM5.85.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The block of shares is valued at about RM923.78 million at least.</p></div>

<div class=newsTextDataWrapInner><p>JPMorgan and Maybank are said to be the joint bookrunners for the deal, according to Bloomberg.</p></div>

<div class=newsTextDataWrapInner><p>Aabar ceased to be its substantial shareholder on June 24, 2019 when it disposed of 231 million shares or a 5.76% stake in RHB Bank, according to a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Aabar emerged as the bank's substantial shareholder in June 2016 when it was allotted RHB Bank shares pursuant to the distribution and capital repayment of RHB Capital Bhd. It had 711.83 million shares worth 17.75% equity interest then.</p></div>

<div class=newsTextDataWrapInner><p>RHB Bank's share price has rebounded strongly since November, climbing from the low of RM4.32 on Oct 30 to close at RM5.85 today, up 38%. However, year to date, the banking stock has only increased 1.21%.</p></div>

<div class=newsTextDataWrapInner><p>At its current price, it has a market capitalisation of RM23.46 billion.</p></div>


Aabar Investments PJS is offering 169.5 million shares in RHB Bank Bhd, according to terms of the deal obtained by Bloomberg News.

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