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Article: South Africa: Diamondcorp gets new major shareholder.
- Article from:
- TendersInfo
- Article date:
- November 18, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
THE EUROPEAN Islamic Investment Bank (EIIB) has increased its stake in AIM-listed Diamondcorp to 26.7% from 9.37%, becoming the largest shareholder in the junior diamond mining company.According to EIIB s website, the founding members of the bank include Gulf-based individuals and institutions, including a number of Islamic banks, as well as individuals and companies based in Europe .
That makes Diamondcorp the second diamond miner in which Middle Eastern investors have recently built up substantial stakes. The other is Petra Diamonds (Petra), which is now controlled by two Saudi Arabian companies - Saad Investments and Al Rajhi ...