MARKETS | Cesar Tordesillas, Indonesia

Price disagreement prompts IDB to postpone selling Muamalat shares

The Islamic Development Bank officially informed  Bank Indonesia of its postponement in selling its shares of PT Bank Muamalat Tbk.

BI Islamic Banking Directorate director Mulya E. Siregar said that the postponement was due to a disagreement between IDB and potential investors over the stock price.

“No one has declared their interest in buying Bank Muamalat stocks, most likely because the IDB and the potential buyers have not agreed on the price yet,” Mulya said as quoted by

The three majority Bank Muamalat shareholders, namely Boubyan Bank Kuwait, Saudi Arabian Atwill Holdings Limited and IDB, have reportedly planned to sell their shares in Bank Muamalat.

Mulya cited Standard Chartered Bank, OCBC, Saratoga, Qatar Islamic Bank, PT Bank Mandiri Tbk, Para Group and Overseas Chinese Banking as among the investors who had expressed interest in acquiring the bank.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.