MNRB to sell Takaful Ikhlas units to Bank Rakyat for RM1.64 billion
MNRB has agreed to divest its entire interests in Takaful Ikhlas Family and General to Bank Rakyat for RM1.64 billion, marking a strategic shift toward core reinsurance operations.
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Bank Rakyat Funds RM167 Million Sungai Kerian Water Plant in Penang
Bank Rakyat is financing RM167 million towards Penang's Sungai Kerian Water Treatment Plant, which will supply 80 million litres daily to over 223,000 residents. The project marks the state's first infrastructure venture using the Build-Operate-Transfer model.