Strategic cooperation is the first step for BRI to acquire Bank Muamalat. However, this has received a negative response from investors.Key summary points
- Bank Muamalat will announce new investors in the first half following a number of initial reviews with potential investors from Singapore, Malaysia, and the Middle East.
- BRI will cooperate strategically with Bank Muamalat to save the bank before acquiring it.
- BRI’s stock price dropped 6.12 percent following the announcement of the Bank Muamalat acquisition.