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.

The sugar refinery is expected to be operational in two years and will manufacture white sugar to be marketed in the Middle East and European markets. The refinery will have an annual production of 585,000 tons of white sugar. This acquisition marks IIB's second investment in the manufacturing sector in the Kingdom of Bahrain.

IIB strongly believes in partnering in projects that not only earn a high return on investment but also strengthen the country's industrial base, contribute to employment generation and add to the overall economic growth of the Kingdom of Bahrain. IIB also recognizes the value proposition of investing in the sugar industry which will not only provide dividend returns to investors but also provide the opportunity for capital growth at the time of exit.