Tengku Ahmad Badli Shah resigns as Dolphin International’s chairman

Tengku Ahmad Badli Shah resigns as Dolphin International’s chairman
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KUALA LUMPUR (Jan 12): Tengku Ahmad Badli Shah Raja Hussin, who was appointed Agrobank president and chief executive last week, has resigned as the chairman of Dolphin International Bhd effective Wednesday (Jan 12), after helming the post since January 2020.

In a bourse filing, Tengku Ahmad Badli Shah, 53, cited pursuing other interests as the reason behind his resignation.

In a separate filing, he also announced his departure as an independent director at Fintec Global Bhd.

Tengku Ahmad Badli Shah was previously the group chief operating officer at Pelaburan Mara Bhd, and the former chief executive officer of PMB Tijari.

Last Wednesday (Jan 5), Agrobank announced that Ahmad Badli, who has more than 29 years of extensive experience in banking and finance — with various leadership roles including at Kuwait Finance House and HSBC Bank Malaysia Bhd — will be joining the development financial institution.

Dolphin shares closed five sen or 6.25% higher at 8.5 sen on Wednesday, valuing the company at RM90 million.

Fintec Global shares, meanwhile, settled unchanged at 1.5 sen, giving the company a market capitalisation of RM65.96 million. 

Tan Choe Choe