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.
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.
Established in 2003, International Investment Bank B.S.C. (c) (IIB) is a forward thinking Islamic wholesale investment bank based in the Kingdom of Bahrain with an authorized capital of US$ 200 million, and a paid up capital of US$ 110 million. The Bank boasts a strong shareholder base comprised of high net worth individuals, business houses and institutions spanning the GCC states.