Saturday, July 13

King Increases Stake in Citaglobal with Additional Share Purchases

For the third consecutive day, Citaglobal Bhd has disclosed additional share acquisitions by Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, further cementing his position in the infrastructure construction group.

According to a recent stock exchange filing, the King acquired 1.21 million shares on Tuesday, resulting in a total ownership of 37.69 million shares, equivalent to a 9.03% stake in the company.

This follows his acquisition of 620,500 shares on the previous day, boosting his stake to 8.74%. Prior to that, Citaglobal reported the King’s purchase of 2.59 million shares last Friday, raising his stake to 8.59%.

The King became a substantial shareholder of Citaglobal, formerly known as WZ Satu Bhd, in September 2019. His recent acquisitions include 1.378 million shares on June 6, 2.39 million shares on June 2, and 1.21 million shares on May 26.

Citaglobal’s shares closed 1.28% higher at RM1.58, with a market capitalisation of RM659.80 million.

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