Rasmala Regulatory News (RMA)

8 May 2008 15:56

European Islamic Investment BankPLC08 May 2008 European Islamic Investment Bank plc 8 May 2008 Directorate change European Islamic Investment Bank plc ("EIIB" or the "Company") announces thatMubarak Abdullah Al-Sabah, Non-executive Director, has resigned from the Companywith immediate effect and will not be seeking re-election at the Company'sAnnual General Meeting on Friday, 9 May. EIIB thanks Mr Al-Sabah for his contribution to the Company and the Board ofDirectors during his period with the Company. Ends For further information: Evolution Securities Limited Tel: +44 (0)20 7071 4300Bobbie Hilliam Fishburn Hedges Tel: +44 (0)20 7839 4321Michelle James Notes to editors: About EIIB: EIIB was incorporated in January 2005 and received its authorisation by the FSAon 8 March 2006. On 3 April, it opened for business, and on 17 May completed itsIPO and was admitted to London's AIM market. Headquartered in London, EIIB's range of products and services include thefollowing Sharia'a compliant investment banking activities: - Private Equity and Corporate Advisory- Islamic Treasury and Capital Markets- Asset Management- Real Estate- Structured Trade Finance- Sharia'a Advisory EIIB aims to deliver a range of alternative investment opportunities, enablinginvestors to construct balanced and sophisticated portfolios which can access arange of Sharia'a compliant asset classes internationally. EIIB will seek to service a market for Sharia'a compliant investment bankingservices in Europe, the Middle East and Asia that it believes has beenunder-exploited by conventional and Islamic banks, and by non-bankinginstitutions. EIIB intends to become a major participant in the market forIslamic securities, treasury and investment products, which is currentlyexperiencing rapid growth. The founding shareholders of EIIB include Gulf based individuals andinstitutions, including a number of Islamic banks, as well as individuals andcompanies based in Europe. This information is provided by RNS The company news service from the London Stock Exchange