Petaling Jaya, 23 July 2026 – MBSB Berhad (“MBSB”) has completed the divestment of its entire equity interest in MIDF Amanah Asset Management Berhad (MAAM), marking another step in the Group’s transformation strategy as it sharpens its focus on core banking and financial services businesses.
The transaction was undertaken through MBSB’s wholly owned subsidiary, Malaysian Industrial Development Finance Berhad (MIDF), which sold its 100% stake in MAAM to Tortoise Works Sdn. Bhd. The Group said the divestment aligns with its long-term strategic priorities and is not expected to have any material financial impact on MBSB.
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