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IIB Automotive Ltd (Tunisia)
IIB and its investors acquired an equity stake in ARTES; the exclusive distributor for RENAULT, NISSAN and DACIA automobiles in Tunisia. Established in 1947 under the name "RENAULT TUNISIE" and renamed ARTES after being acquired by a private group in 1997, ARTES is a vibrant group of 4 companies (including its subsidiaries and affiliates) with an experienced management team and the largest distribution network in Tunisia.
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IIB Sugar Ltd (Bahrain)
IIB acquired a strategic equity stake in Arabian sugar refinery to 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.
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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.
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IIB Abu Dhabi Properties 1 (UAE)
IIB has entered into partnership in 2007 with UAE based United Friends Company to acquire two plots of land (plot 14 and 15) in Danet Abu Dhabi Master project having a total area of 10,796 m2 (116,211 ft2) and to develop them into twin towers at a total cost of US$ 197.4 million.
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Anfaal Capital (Saudi Arabia)
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.
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IIB Steel Company Limited (Bahrain)
In March 2007, International Investment Bank (IIB) through its SPV IIB Steel Company Ltd (ISCL-I) successfully completed the acquisition of a 35% equity stake in Universal Rolling W.L.L. (IIB STEEL COMPANY LIMITED ). IIB STEEL COMPANY LIMITED is a company established in the Kingdom of Bahrain to manufacture 170,000 tons per annum of reinforcement steel bars of various sizes. For this purpose, IIB STEEL COMPANY LIMITED has constructed an industrial facility in the Hidd industrial area in Bahrain. This facility will be the first Thermo Mechanical Treatment ("TMT") reinforcement steel rolling mill in Bahrain.
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IIB German Property Company Limited (Germany)
In April 2007, IIB acquired a 94.9% stake in a portfolio of three office buildings in Munich Germany namely Simar 2 and Simar 3 against an equity injection of c EUR 67 MM. The project offered a decent return of around 10% p.a. to investors and a cash yield of around 7% p.a. distributed on a quarterly basis.
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IIB UAE Investments Limited (UAE)
Following the overwhelming success of One @ Business Bay, and realizing the considerable demand for prime office space in Dubai, IIB in 2006 launched its second deal in the Business Bay district of Dubai. Bay Development Properties Limited was established to own 65% of West Bay Tower, a 30-storey, state of the art, commercial tower in Dubai to be constructed at a total cost of US$89 million.
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IIB France Investment Limited (France)
IIB established IIB France Investments Holding in 2006 along with its investors and a reputable French asset manager to acquire a portfolio of five real estate commercial properties in Paris and a warehousing facility near Lyon in France at a total cost of US$ 105.6 million.
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Ewaan Global Housing Company (Saudi Arabia)
IIB has entered into a partnership with Islamic Corporation for Development of the Private Sector ("ICD"), an affiliate of the Islamic Development Bank ("IDB"), and Saudi Economic and Development Company ("SEDCO") to create Ewaan International Housing Ltd ("Ewaan") in Saudi Arabia. This real estate company has a primary focus on the development and project management of large-scale, self-contained and affordable residential units in Saudi Arabia. Other reputable strategic shareholders have joined the founders such as the Saudi Public Pension Agency.
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British Islamic Insurance Holdings Limited "BIIH" (UK)
IIB made its entry into the European Islamic insurance sector in 2006 by acquiring a 4.55% equity stake in British Islamic Insurance Holdings Limited ("BIIH"). BIIH is the first independent group of UK companies to provide insurance ("Takaful") products that are wholly Sharia'ah-compliant and regulated by the Financial Services Authority ("FSA") under the laws of England and Wales. Being a pre-IPO private placement.
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Sabaak Leasing & Investment Company (Kuwait)
IIB entered the leasing sector in the GCC region in 2006 through the acquisition of about 1% stake in Sabaak Leasing and Investment Company ("Sabaak"). Sabaak is a leasing and investment company incorporated in Kuwait, providing operating and financial leases as well as new and innovative products, all under Islamic principles. This investment is a strategic pre-IPO private placement transaction.
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IIB Power Company Limited (Asia)
IIB underwrote and arranged the private placement amongst GCC investors in 2005 of a portion of a US$ 239 million investment in one of the most successful independent power producers in Asia. It provided our investors with access to the expanding electricity market in three of the fastest-growing economies in the world, namely China, South Korea and Taiwan.
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IIB Paper Company Limited (UAE)
IIB Paper Company Limited is the investment vehicle established by IIB and its investors in 2005 to hold a 49% stake in Queenex Hygiene Paper Manufacturing ("QHPM"), a tissue paper manufacturing company located in Abu Dhabi. QHPM is a US$47 million joint-venture with the Al Hajri International Group of Abu Dhabi, which is one of the pioneers that encouraged the development of the manufacturing sector in the UAE, and which has interests in the paper, packaging, and printing industries, amongst others.
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IIB Business Bay Properties Limited (UAE)
IIB Business Bay Properties Limited was established in 2005 to own 50% of One @ Business Bay, a 31-storey commercial tower in Dubai under development at a total cost of US$94.1 million. The Bank identified an imbalance in the supply / demand equation for prime offices in Dubai and entered into a partnership with Omniyat Properties, part of the Dubai-based Al Masa Group, to develop a world-class office building.
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IIB Belgravia Property Company Ltd (UK)
In mid-2005 IIB acquired for US$280 million a landmark commercial property occupying a prime site in Central London, in conjunction with SEDCO, a leading private Islamic investment company in Saudi Arabia. The property overlooks the gardens of Buckingham Palace and benefits from a long-term lease to the UK subsidiary of one of the world's leading energy companies.
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Sahab Al Khaleej Development Company (Bahrain)
Sahab Al Khaleej Housing Development Company was incorporated in Bahrain in 2005 with the objective of developing residential properties of various types in the mid to lower price range. IIB's market research revealed a chronic shortage of affordable housing in Bahrain, and the Government of Bahrain has publicly announced its desire that the private sector play a role in meeting the demand. IIB is keen to promote projects that fulfil its corporate social responsibility objectives while also achieving attractive returns for the Bank's investors, and the company fits this profile.
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IIB European Investment Company Ltd (UK)
IIB underwrote US$ 17 million in 2005 as a strategic investor in a US$ 205 million private placement for an Islamic investment bank that was being established in the UK. This investment was placed successfully with a number of IIB's investors in the GCC. European Islamic Investment Bank launched an IPO during the first half of 2006 and is listed on the UK's Alternative Investment Market ("AIM").
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Bahrain Property Fund (Bahrain)
The Bahrain Property Fund was incorporated as a closed shareholding company in the Kingdom of Bahrain on 8th March 2004, with the objective of acquiring a portfolio of properties in Bahrain that would provide investors with an Internal Rate of Return ("IRR") of 10% per annum over a 5-7 year period.
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