Latest news with #AllianceIslamicBank
New Straits Times
09-07-2025
- Business
- New Straits Times
Maybank, Alliance Bank's base rates cut by 0.25pct effective Friday
KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Alliance Bank Malaysia Bhd will cut their base rates by 25 basis points in line with Bank Negara Malaysia's reduction of the overnight policy rate. Maybank will revise its base rate from 3.00 per cent to 2.75 per cent, while its base lending rate will be adjusted from 6.65 per cent to 6.40 per cent effective July 11. "Similarly, the Islamic base financing rate will be reduced by 25 basis points from 6.65 per cent to 6.40 per cent," it said. In tandem with the revision, fixed deposit rates for both Maybank and Maybank Islamic will also be reduced by 25 basis points, effective on the same date. Meanwhile, Alliance Bank and Alliance Islamic Bank will lower their base rate from 3.82 per cent to 3.57 per cent per annum. Their base lending and base financing rates will also be revised from 6.67 per cent to 6.42 per cent per annum, effective July 15. "In tandem with the revision, Alliance Bank and Alliance Islamic Bank will also adjust their fixed deposit rates downwards on the same effective date," the bank said.
The Star
06-06-2025
- Business
- The Star
iCents appoints Alliance Islamic Bank as underwriter for ACE Market IPO
From left: iCents Group executive director Tan Wei Ying, executive director Foo Siang Leng, managing director Ong Mum Fei (Vincent), Alliance Islamic Bank CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin, and Alliance Islamic Bank head and senior vice-president of coverage and origination of Islamic capital markets Lim Shueh Li KUALA LUMPUR: iCents Group Holdings Bhd, which is embarking on an ACE Market initial public offering (IPO), has inked an agreement with Alliance Islamic Bank Bhd for the underwriting of 35 million shares made available to the Malaysian public and to eligible persons under pink form allocations. iCents and its subsidiaries are primarily engaged in cleanroom construction and technical services as well as the manufacture of cleanroom fixtures and the supply of cleanroom equipment. iCents' IPO entails a public issuance of 112.5 million new ordinary shares, representing approximately 22.5% of its enlarged issued share capital, as well as an offer for sale of 30 million existing shares, representing approximately 6% of its enlarged issued share capital. Out of the issue shares, 25 million shares will be made available to the Malaysian public via balloting and 10 million shares to eligible directors, employees and persons who have contributed to the success of the group. A further 15 million shares will be made available by way of private placement to selected investors, while the remaining 62.5 million shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry, Additionally, the 30 million shares on offer for sale will go to selected investors by way of private placement. "The IPO will provide us with the financial resources and flexibility needed to accelerate our strategic growth plans. "As we expand our capabilities, we are committed to enhancing our competitive position within Malaysia's cleanroom industry, as well as executing our geographical market expansion plans in Indonesia, Singapore and Sarawak, through the IPO proceeds,' said iCents group managing director Vincent Ong Mum Fei in a statement. iCents is scheduled to be listed on the ACE Market by July 2025. Alliance Islamic Bank will serve as the principal adviser, sponsor, sole underwriter, and placement agent for the IPO exercise.
