So who are the Kuok Group that won the Dbl together with Grab...

So who are the Kuok Group that won the Dbl together with Grab Gxs. They are the richest family in Malaysia. Grab will hold 55.5% of the Malaysian Digital Bank leaving 44.5% to be held by Kuok Group and some Malaysian investors...

started in 1949 in Johor Bahru. It was founded by Robert Kuok, the richest man in Malaysia with a net worth of US$11.7 billion (RM49.3 billion).

Over 70 years, the Kuok Group has grown to become one of Asia’s largest multinational conglomerates. It has operations spanning six continents in sectors ranging from logistics and maritime, to properties and hospitality.

In our last predictions piece mentioned above, we acknowledged that Grab-Singtel may face challenges in the fact that it doesn’t apply to one of BNM’s digital banking criteria. It highlighted a preference where the controlling equity in the licensed digital bank is held by Malaysians.