IIB Announces Successful Exit from Aircraft Investment
International Investment Bank B.S.C. (IIB), an Islamic wholesale investment bank based in the Kingdom of Bahrain, announced the successful exit from its investment in an Airbus wide-body aircraft leased to a European airline generating circa 18% IRR.
IIB Acting CEO Fareed Bader added: “We are pleased to have concluded the aircraft transaction which builds upon IIB’s successful track record in this sector. It is the third successful aircraft transaction concluded by the bank and is in line with our strategy to generate exits and enhance the bank’s liquidity position.”