Tagged: European Islamic Investment Bank (EIIB)

EIIB acquires 35 pct stake in Rasmala

EIIB acquires 35 pct stake in Rasmala

European Islamic Investment Bank is going to invest $16 million over 12 months in Rasmala Holdings Ltd through a financing facility convertible into shares representing about 35% of the group’s enlarged capital.
Rasmala chairman Ali Shihabi stated that…

EIIB EXITS MAJOR US OIL VENTURE

EIIB EXITS MAJOR US OIL VENTURE

The European Islamic Investment Bank (EIIB) has declared its first exit from an extremely successful oil venture in the US.
London-based EIIB had invested $17.5 million in acquiring a 78 per cent stake in TriTech. TriTech has now decided to sell its as…

EIIB relocating staff to Bahrain in major push

EIIB relocating staff to Bahrain in major push

The London-based European Islamic Investment Bank (EIIB) is now focusing on the Islamic markets of the Middle East and Asia, changing the strategy used until now.
Part of the strategy is to relocate some of its key personnel from its London office to i…