IIB has entered into a partnership in 2007 with Islamic Corporation for Development of the Private Sector ("ICD"), a wholly owned affiliate of the Islamic Development Bank ("IDB"), Maybank of Malaysia and Saudi Economic and Development Company ("SEDCO") to create an Asset Management Company ("AMC") in Saudi Arabia; a company with the primary objective of structuring and raising funds for its sister company, Ewaan Global Housing Ltd, and other clients.

IIB owns 20% of AMC which gives IIB the opportunity to reinforce its presence in the Saudi market and tap the potential of the asset management business. This investment further strengthens the existing partnership with ICD and SEDCO.