The Malaysian Reserve

BIMB sees 2 more directors resign

By TMR

BIMB Holdings Bhd has announced the resignation of two directors, showing early signs of a group restructuring scheduled for next year.

In a filing to Bursa Malaysia yesterday, the nation’s largest Shariah-compliant lender announced the resignations of Datuk Rozaida Omar and Rifina Md Ariff who were appointed to the board in December 2009 and April 2014 respectively.

Both will relinquish their position as nominee directors of Lembaga Tabung Haji (TH). TH is the biggest shareholder in BIMB with a 53.47% stake.

Rozaida had served as group CFO for TH, while Rifina was senior GM of corporate finance and services at the pilgrim fund.

The announcement came nearly two months after BIMB CEO Khairul Kamarudin resigned in July this year.

Khairul resigned due to personal reasons after being appointed to the role in August 2017. So far, the bank has not identified a replacement for the position.

BIMB was quoted earlier as saying that it will embark on a group restructuring next year after the dust settles at TH.

Since Pakatan Harapan’s win in the 14th General Election, four of TH’s 10-member board, including chairman Datuk Seri Abdul Azeez Abdul Rahim, have resigned.