The Sarawak State Financial Secretary holds a 4.796% stake in Affin Bank, while the Armed Forces Fund Board (LTAT), as the majority shareholder, owns 28.78% as of December 29, 2023.

KUALA LUMPUR: Affin Bank Bhd is considering an initial public offering (IPO) of its asset management unit that could raise about RM500mil, people familiar with the matter said. The lender is ...