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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, Senior ReporterTuesday, January 06 - 2009 at 10:18 UAE local time (GMT+4)
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