25th Jan 2008 16:49
European Islamic Investment BankPLC25 January 2008 European Islamic Investment Bank plc ("EIIB") 25 January 2008 Directorate change European Islamic Investment Bank plc ("EIIB" or the "Company") announces thatMr. Atif Raza, the Company's Finance Director and Chief Operating Officer, willresign from the Company with effect from 30 May 2008. Mr. Raza joined EIIB shortly after its authorisation and IPO and has played asignificant role in the development of the Company's business and operationssince then. EIIB thanks Mr. Raza 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/Andrew Marshall 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: - Islamic Treasury and Capital Markets - Asset Management, including Private Banking - Structured Trade Finance - Corporate Finance and Advisory - Sharia'a Advisory. EIIB aims to deliver a full choice of alternative investment opportunities,enabling Islamic investors to construct balanced and sophisticated portfolioswhich can access a full range of 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 ExchangeRelated Shares:
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