KUALA LUMPUR, June 25 (Reuters) - Malaysia's Malayan Banking Bhd (MBBM.KL: Quote, Profile, Research), the country's largest in asset terms, plans to buy a 30 percent stake in Pak-Kuwait Takaful Company Ltd, the Malaysian lender said on Wednesday.
Pak-Kuwait Family Takaful is in the process of applying for license from the authorities in Pakistan to operate the family takaful (Islamic insurance) business, it said.
(Reporting by Jalil Hamid)
For more on this article, please click on the following link: Malaysia Maybank plans stake in Pakistan takaful firm: Reuters
Wednesday, June 25, 2008
Malaysia Maybank plans stake in Pakistan takaful firm: Reuters
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