European Islamic Investment Bank is in talks to acquire a 30% stake in Dubai-based Rasmala Investment Bank, two sources with knowledge of the matter told Reuters . The acquisition, which is set to be completed in early 2012, will be made through a fresh issue of shares by Rasmala which EIIB will buy, the sources said.
“EIIB is working out a certain formula with Rasmala for the capital increase,” a source, who declined to be identified because the talks are private, said. “They’ve agreed on the main terms but fine tuning some details.”……………………………………….Full Article: Source