The Star Malaysia reported on 22 April that CIMB group intends to expand its Islamic banking business in Dubai and Saudi Arabia via acquisitions.
The group via Bumiputra-Commerce Holdings Bhd recently acquired a 19.99% stake in China-based Bank of Yingkou Co Ltd.
CIMB group chief executive is Datuk Nazir Razak.
Source: http://biz.thestar.com.my/services/printerfriendly.asp?file=/2008/4/22/b...