Rasmala Holdings Ltd

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 Rasmala chief executive Anwar Abu Sbaitan would continue in that role.

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