Commenting on this, Mr. Ali Samir al Shihabi, Founder and CEO of Rasmala, said: "Doubling Rasmala's capital has broadened our shareholder base and will further strengthen our financial position to support our strategy of aggressive growth in the region".
Rasmala's shareholders include Deutsche Bank and prominent institutions and individuals from Saudi Arabia, UAE, Oman and Qatar. As part of the capital increase, Deutsche Bank has raised its stake in Rasmala from 11% to 18% making it the largest shareholder in Rasmala.
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Rasmala doubles its capital
- United Arab Emirates: Saturday, May 26 - 2007 at 10:17
- PRESS RELEASE
Rasmala Investments, a leading regional Investment Bank, based in the Dubai International Financial Center, announced that it has recently doubled its capital from Dhs 185 million to 370 million attracting 10 prominent investors from Saudi Arabia, Abu Dhabi, Dubai and Oman through a private placement.
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Notes and media contacts
Bassem El ZeinVice President - Marketing & Communications
Tel: +97143635600
Fax: +97143635635
About Rasmala
Rasmala is a regional Investment Bank, headquartered in the Dubai International Financial Centre, with operating subsidiaries in Riyadh and London.
Rasmala's activities cover:
Private Equity
Fund Management in Arab and Global financial markets
Brokerage
Islamic Finance
Real estate investments
Posted by Lara Lynn Golden, News EditorSaturday, May 26 - 2007 at 10:17 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Thu May 31 2007.
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