KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd( Takaful Malaysia) has declared an interim single-tier dividend of 14.00 sen per ordinary share, amounting to RM117. 22mil for the financial year ended Dec 31, 2023. Takaful Malaysia, in a statement, said the dividend would be paid to shareholders on Feb 2, 2024. The declared dividend translates into a dividend yield of 3.8% based on the closing market price of the group’s share of RM3.70 as at Dec 28, 2023.“ The declared dividend reflects our

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have strengthened their offerings for emerging and affluent clients across the ASEAN region and aim to double the assets under management( AUM) under the banking group’s Preferred segment by 2025. The CIMB banking group noted that the total ASEAN wealth market generates annual revenue of around RM40 billion, and is expected to grow rapidly between 2020 to 2025 with a forecast compound annual growth rate of over 13 per cent." As such, the bank

KUALA LUMPUR: CIMB Bank Bhd aims to double the assets under management( AUM) under its preferred segment by 2025 in line with the strong wealth market growth in Asean.It noted that the total Asean wealth market generates an annual revenue of around RM40bil. The lender expected a rapid growth of the market between 2020 and 2025, with a forecast compounded annual growth rate of over 13%.On that note, CIMB Bank and CIMB Islamic Bank Bhd have strengthened their offerings for emerging and affluent cl

PETALING JAYA: The pandemic is causing much change in the insurance sector but takaful operators feel they have an edge in terms of growth over their conventional counterparts. Malaysia’s oldest takaful operator Syarikat Takaful Malaysia Keluarga Bhd group chief executive officer Nor Azman Zainal believes that the concerns of the takaful industry are about the overall impact of the outbreak of Covid-19 on the economic environment, particularly prospects for growth and profitability in underwriti