PETALING JAYA: Abdul Rashid Hussain, the founder of RHB Group, has been appointed as the new Tabung Haji (TH) chairman effective today.
Abdul Rashid takes over from Azman Mokhtar, who had held the position since Dec 20, 2021.
“TH welcomes the appointment and is grateful to receive a respected and experienced corporate figure who was also the founder of RHB Group, one of the biggest banking groups in the country,” TH Group managing director and CEO Syed Hamadah Syed Othman said in a statement.
“We are confident that our collective efforts to strengthen TH will continue with his experience and leadership.”
Abdul Rashid established Rashid Hussain Securities in 1983, and built it to become RHB Group. His notable contributions extend to serving on the board of Khazanah Nasional Bhd from 1994 to 1998, also chairing the executive committee during that period.
From 1995 to 2000, Abdul Rashid served as chairman of Putrajaya Holdings Bhd.
He was also one of six members of the Tabung Haji royal commission of inquiry set up in 2022 to review the fund’s operations between 2014 and 2020.
In his statement, Syed Hamadah also thanked Azman for his service during his tenure, highlighting the latter’s role in strengthening the fund’s financial position.
He said total deposits grew almost 7% from Jan 1, 2022 to Nov 30, 2023. - FMT
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