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Sarajevo (City Center)

Istethmary Sarjevo City Center limited (“SCC”) is a limited liability company established by IIB in the Cayman Islands for acquiring a 28.31% indirect equity stake in Magros Veletrgovina d.d. (“Magros”), a company incorporated in Bosnia and Herzegovina, for developing a real estate complex comprising of a five-star hotel, commercial offices and a shopping mall and entertainment center in Sarajevo under the brand name “Sarajevo City Center” to be completed in 2014. The complex will be developed on a 10,585 sqm plot of land in Marijin Dvor, the most affluent area in central Sarajevo, next to the Parliament Building. IIB anticipates that the expected returns to the investors will be realised in the form of dividend distributions by SCC and capital gains at exit from the Investment.

IIB Azerbaijan Investment Limited (Azerbaijan)

In August 2007, International Investment Bank (IIB) acquired an indirect 49% stake in Amrahbank Azerbaijan equivalent to a USD 20 MM investment in the bank. Amrah Bank is a fast growing commercial bank in Azerbaijan established back in 2003 with key focus areas being retail and corporate banking.

IIB Sugar Ltd (Bahrain)

IIB acquired a strategic equity stake in An Arabian sugar refinery which will be established in the Kingdom of Bahrain (Hidd Industrial Area). The refinery will be the first of its kind in the Kingdom, and the third in the GCC.