EIIB-Rasmala has changed its name to Rasmala, effective with immediate effect.

The London headquartered independent investment manager invests in the UK, the United States, Europe, the Middle East and Africa.

Rasmala (Rasmala or the Group), which is listed on the AIM market of the London Stock Exchange, plans to launch further series of new alternative funds in H1, 2016.

The rebranding 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.

Established in 1999, Rasmala has grown to be a regional leader in asset management and asset-backed finance, and possesses a successful and consistent investment track record. The range of products now includes a number of highly innovative investment solutions in areas such as trade finance, leasing and real estate.

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.

Zak Hydari, chief executive, Rasmala, commented: “For more than 15 years, Rasmala has been one of the most recognized 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.”

Hydari added: “We have positioned the combined business to focus on top tier investment management. Our rebrand to Rasmala was a logical next step in unifying the group under one solid, trusted brand. We now look to accelerate the expansion of the group into more new products and markets,” he added.