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December 21, 2015 | 11:30 | London and Dubai
EIIB-Rasmala, the London headquartered independent investment manager, has changed its name to Rasmala, effective immediately. Rasmala is listed on the AIM market of the London Stock Exchange. “The move underlines the Group’s commitment to its strong Gulf investor base and its continuing role in investing GCC capital into international markets. The Group has also accompanied this rebrand with a refresh of its Rasmala brand identity and logo,” a statement said.
Established in 1999, Rasmala has grown to be a regional leader in asset management and asset-backed finance. Rasmala’s asset management business also covers equities, fixed income as well as money market funds. The combined assets under management of the Group have now increased to $1.1 billion. “For more than 15 years, Rasmala has been one of the most recognised and respected brands with Gulf-based investors. Rasmala’s regional pedigree and investment track record has allowed us to create a combined group that now presents a market leading offering of innovative solutions to both regional and international clients,” Zak Hydari, Chief Executive, Rasmala, commented.