IslamicFinance.de

Resolutions to oust Michael Toxvaerd and Mohammed Al Sarhan from European Islamic Investment Bank's board have failed. The resolutions to remove them from the board were both defeated by 421,334,039 votes to 13,225,000 in a poll at a general meeting. A resolution authorising the company to buyback shares which would be cancelled and not held in treasury was defeated by 381,011,459 votes to 53,847,580. At 9:47am, European Islamic Investment Bank PLC share price was 0p at 3.25p.