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Rasmala raises $120m for equity fund

United Arab Emirates: Tuesday, January 06 - 2009 at 10:18

Dubai-based investment bank Rasmala has raised $120m for its Sharia-compliant private equity fund, Rasmala Middle East & North Africa (Mena) Private Equity Fund 2, MEED has reported. It hopes to increase this to $350m by 30 June.The fund will focus on investing in mid-sized development opportunities in the GCC and Egypt.

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Jeff  Florian Jeff Florian, Senior Reporter
Tuesday, January 06 - 2009 at 10:18 UAE local time (GMT+4)

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