23.12.2011 - UK Islamic bank eyes 30pct stake in Rasmala
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
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