Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
CIMB Private Equity Invests RM6 Million In Mahmood Security
Last update: 13/02/2008

KUALA LUMPUR, Feb 13 (Bernama) -- CIMB Private Equity has completed a RM6 million investment in security services provider Mahmood Security (M) Sdn Bhd (Mahmood Security).

But although it will have board representation, It will not be involved in day-to-day operations, said CIMB Private Equity head Darawati Hussain in a statement today.

Established in 1984, Mahmood Security provides a diversified range of security services including manned guarding, cash-in-transit, security escort and cash management.

The security company has expanded from the initial four branches to the current 26 branches nationwide with the workforce strengths exceeding 2,000.

Darawati said the investment will help accelerate Mahmood Security's foray into cash management services.

CIMB Private Equity, an entity within the CIMB Group, is active in providing equity capital to mature companies in most industry sectors seeking capital for restructures, acquisitions and expansion.

-- BERNAMA

 <Back>

Islamic Banks eyes bigger trade financing mart share
Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

 
Islamic finance must be proactive to reduce poverty, inequality - Sultan Nazrin

CIMB targets RM200 mln in non-life insurance premiums this year
AAGI, MAB launch AXA SmartAid for the Visually Impaired

 
Credit ratings of Energas Insurance, stable - A.M. Best

MIDDAY, APRIL 25 2018
US 3.9070/9100
S'pore 2.9500/9529
100 Yen 3.5824/5868
Sterling 5.4612/4674
Euro 4.7751/7792
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution