European Islamic Investment Bank confirmed it was talking to Rasmala Holdings Limited about an investment, after two sources told Reuters the group was in talks to buy a 30 percent stake in its Dubai-based Rasmala Investment Bank unit.
In a statement to the London Stock Exchange on Thursday, EIIB confirmed it was in talks with Rasmala Holdings Limited "in relation to an investment", adding it expected to be "in a position to update the market early in the New Year."
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, two sources with knowledge of the matter had told Reuters earlier.
In a statement to the London Stock Exchange on Thursday, EIIB confirmed it was in talks with Rasmala Holdings Limited "in relation to an investment", adding it expected to be "in a position to update the market early in the New Year."
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, two sources with knowledge of the matter had told Reuters earlier.
No comments:
Post a Comment