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#bank-rakyat

2 stories tagged

MNRB to Divest Takaful IKHLAS Units to Bank Rakyat for RM1.64 Billion

Malaysian National Reinsurance Berhad has agreed to sell its entire stake in Takaful IKHLAS Family and General to Bank Rakyat for RM1.64 billion, marking a strategic shift toward core reinsurance operations.

By Aisyah Razak · 4 Aug 2026 · 4 min read

Bank Rakyat Backs RM167 Million Water Project for Seberang Perai

Bank Rakyat is financing RM167 million towards Penang's first water infrastructure project using a Build-Operate-Transfer model, set to supply an additional 80 million litres daily to over 223,000 residents by mid-2027.

By Aisyah Razak · 28 Jul 2026 · 4 min read