SSG Capital-backed Al Falah awaits OJK’s approval to acquire Bank Muamalat

SSG Capital-backed Al Falah awaits OJK’s approval to acquire Bank Muamalat

Photo: Bank Muamalat

Singapore-based Al Falah Investment is awaiting approval from Indonesia’s Financial Services Authority (OJK) to acquire a 50.3 per cent stake in PT Bank Muamalat Tbk, according to the bank’s CEO Achmad Permana.

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