Tejoori Limited, a newly established international Islamic Investment Company was launched today. Tejoori seeks capital growth through investments in Sharia compliant ventures worldwide by way of long term, reliable and secure investment programmes. The Sharia based, international investment company will be regulated in Guernsey.
The Dubai-based Tejoori is to be registered in Guernsey prior to listing on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). The company plans to raise USD 100 million with a minimum launch capital of USD 65 million via private placements prior to its listing on the London Exchange. Prominent Middle East investors have been invited to take part in the initial capital raising; whilst this is likely to be oversubscribed, it is also likely that the directors may allow for further placement to additional interested investors given the current level of market demand.
Tejoori will invest strictly in accordance with Islamic principles, combining professional account management, superior analytical technology and consistent capital growth opportunity in Sharia compliant ventures across the globe. Sheikh Fawaz Bashraheel was named as Chairman of the newly constituted Board of Directors of Tejoori Limited. Other nominated directors include Lawrence Elms (also the Acting Chief Executive), Ahmed Abbas, Stef fen Schubert and Khamis Buharoon – all highly experienced and experts in their respective fields.
