BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat Malaysia Bhd to the company.

Its group managing director/chief executive officer Johan Abdullah said he would bring up the matter at the board meeting on May 25 for further discussions.

“They want to sell and have identifed us as a potential buyer,” he told reporters after the company’s AGM here yesterday.

Johan said if the board agreed to the proposed acquisition, BIMB Holdings would seek approval from Bank Negara, before proceeding to negotiate with Khazanah Nasional Bhd and DRB-Hicom Bhd.

A news report last month stated that Khazanah Nasional planned to sell its 30% stake in Bank Muamalat as part of its mission to gradually divest all its non-core holdings and assets.

DRB-HICOM, which has a 70% stake in Bank Muamalat, needed to sell down its holding to 40%, to meet Bank Negara’s requirement. – Bernama