European Islamic Investment Bank (EIIB-Rasmala), one of the largest, independent financial institutions focused on GCC markets, said it has significantly increased its shareholding in its asset management subsidiary Rasmala Holdings from 56.8 to
EIIB-Rasmala, a leading investment banking and asset management group in the GCC, has launched its Rasmala Trade Finance Fund.
It follows a series of new fund launches this year, including the Rasmala Global Sukuk Fund, the Rasmal
EIIB-Rasmala, a venture between London-based European Islamic Investment Bank and Dubai's Rasmala Group, plans to widen its range of Islamic investment products with the hope of doubling assets under management over the next two years.
Royal Bank of Scotland (RBS) has ended a tie-up with Dubai's Rasmala Investment Bank to provide equity research on Middle Eastern companies, the UK lender said.
Several global investment banks, including Credit Suisse and Japan's N
European Islamic Investment Bank (EIIB) is to invest $16 million over 12 months in Dubai-based Rasmala Holdings via a financing facility convertible into shares representing about 35 per cent of the group's enlarged capital.
UK-based European Islamic Investment Bank (EIIB) is in talks to acquire a 30 per cent stake in Dubai-based Rasmala Investment Bank, two sources with knowledge of the matter told Reuters on Thursday.
The acquisition, which is set to be
The investment opportunities available in Palestine and the dynamic nature of its economy were highlighted at an event in Abu Dhabi recently.
Rasmala Investment Bank (Rasmala), along with the Palestinian Business Council and Al Arabi inves
Rasmala Investment Bank is seeking the potential sale of its business and has reached out to several regional players to gauge interest, two sources told Reuters.
Dubai-based Rasmala, which counts Deutsche Bank among its shareholders
Emaar Properties may refinance some of its debt in the near term, with repayments worth Dh6.7 billion ($1.8 billion) coming up between the second half of 2011 and next year, investment bank Rasmala said on Wednesday.
The builder of the tal
Investment bank Rasmala is to shut its retail brokerage operations in the UAE as part of a restructuring programme begun in November last year, an internal document seen by Reuters showed.
Rasmala will now focus solely on institutional bro