LONDON (Alliance News) – European Islamic Investment Bank PLC said Monday that it is increasing its shareholding in its subsidiary Rasmala Holdings Ltd from 56.8% to 76.3%.

The company will issue 152.3 million shares to acquire the shares at a ratio of 3.6 European Islamic shares per Rasmala Holdings share.

Shares in the investment banking products and services closed down 2.9% at 3.15 pence Monday.

By Hana Stewart-Smith; [email protected]; @HanaSSAllNews

*This article was published on 23 December 2013 by London South East Limited. Read the original article here.