Aabar Said to Work With Goldman Sachs on Options for RHB Stake

Aabar Investments PJSC, owned by Abu Dhabi’s sovereign wealth fund, is working with Goldman Sachs Group Inc. as it explores options for its stake in RHB Capital Bhd., according to people with knowledge of the matter.

Aabar, the Malaysian bank’s second-largest shareholder with a 21.2 percent stake, is seeking to protect the value of its investment as the lender negotiates a three-way, $27 billion merger with CIMB Group Holdings Bhd. and Malaysia Building Society Bhd., the people said. It hasn’t yet signed a formal mandate with Goldman Sachs, one person said, asking not to be identified as the talks are private.