IIB Successfully Completes Exit From Meat Processing Plant
International Investment Bank B.S.C. (c) – (“IIB”) has successfully exited from a meat processing plant in Dammam, Saudi Arabia, which was owned through its investment in Hungry Bunny Company Limited, a company engaged in the food and beverages industry (i.e., operating restaurants, bakeries, cafes, trading in food – wholesale and retail including drinks and chilled meat). The plant was acquired by a Brazilian meat and poultry company.
The exit will help IIB boost its liquidity after holding the investment over a period of five years. The exit of this investment underscores the success of IIB strategy to exit from regional investments and focus on international developed market alternative investments.