Notice: As approved by the Monetary Authority of Malaysia, Asia Development & Investment Bank Limited will resume financial licensing and various financial businesses on 1 November 2023 upon completion of the change of shareholding and asset restructuring.The Board of Directors of Asia Development Investment Bank Limited
Read MoreASIA DEVELOPMENT & INVESTMENT BANK LIMITED (ADIB) will undergo a change in its shareholding structure from 1 September 2023, as well as a restructuring of its business and personnel. During the period of restructuring, ADIB and its subsidiaries will carry out internal financial and management reforms and suspend all external investments and services. ADIB and its subsidiaries will suspend all external investments and services during the period of restructuring. Business will be resumed upon ...
Read MoreWith the approval of the Shareholders' Meeting, Lu Changchun ceased to be the Chairman of Asian Development Investment Bank Limited.
Read MoreADIB Holdings Limited completed a total equity investment of US$100 million in TNB Genco, a subsidiary of Tenaga Nasional Bhd (TNB), a Malaysian national energy company, to expand its renewable energy portfolio. ADIB will be partnering on PV and wind investments in existing markets in Malaysia and the UK, as well as new markets such as Spain and Vietnam.
Read MoreIn accordance with the requirements of the financial authorities, the ADIB Group has conducted a financial and operational self-examination. The Board of Directors approved the implementation of a new financial, risk control and compliance system with effect from 4 April 2023. The newly appointed financial authorizers will also assume their duties from that date.
Read More
