International Investment Bank has a solid reputation in the market as it invests across diverse asset classes across the world. Over the years it has provided the bank's shareholders and investors with excellent returns. His Excellency, Mr. Saeed Abduljalil Alfahim is the Chairman and Mr. Aabed Al-Zeera is the CEO of the International Investment Bank. It has a sound asset base of US$ 74.9million. International Investment Bank had an income of US$ 5.03million in the first quarter of 2007. it has a capital adequacy ratio of 37%. The outstanding performance of International Investment Bank lies in its harmonious selection of key partners to offer attractive business opportunities to its investors and shareholders.
International Investment Bank was in news recently for:
International Investment Bank has a solid reputation in the market as it invests across diverse asset classes across the world. Over the years it has provided the bank's shareholders and investors with excellent returns. His Excellency, Mr. Saeed Abduljalil Alfahim is the Chairman and Mr. Aabed Al-Zeera is the CEO of the International Investment Bank. It has a sound asset base of US$ 74.9million. International Investment Bank had an income of US$ 5.03million in the first quarter of 2007. it has a capital adequacy ratio of 37%. The outstanding performance of International Investment Bank lies in its harmonious selection of key partners to offer attractive business opportunities to its investors and shareholders.
International Investment Bank was in news recently for:
- International Investment Bank has acquired a stake in the Bahrain based steel reinforcement bar manufacturer. UNIROL's industrial facility is the first steel rolling mill in Bahrain
- International Investment Bank acquired a 95% stake in a high quality portfolio of three commercial estate properties rented to Siemens Corporation in Munich, Germany. This is the bank's fourth European investment in total. This will give its investors an access to the Germany's booming commercial property market.
- International Investment Bank has entered into a partnership with Islamic Corporation for the Development of the Private Sector (ICD) which is an affiliate of the Islamic Development Bank Group. This partnership is accomplished for the establishment of Ewaan Capital. Ewaan Capital is an asset management company in Saudi Arabia with an authorized capital of 50 million Saudi Riyal. It will be directly under supervision of the Saudi Capital Markets Authority.
- International Investment Bank announced the launch of a new US$ 65 million Abu Dhabi Property Fund 'IIB-Abu Dhabi Properties 1'. The bank will own a 66.7% of the fund and the remaining 33.3% will be owned by United Friends Company (UFC). The fund will invest in the development of land located in Abu Dhabi for developing it into a mixed-use and for building twin-towers each of 21 storeys.
- International Investment Bank started the operation of its new Housing Development Company, Sahab Al Khaleej Real Estate Co.
- International Investment Bank is acquiring a 90% stake in the US$ 105 million worth commercial real estate properties in France. It is comprised of six commercial properties located in Paris and Lyon, key commercial hubs of France. This acquisition aims to provide the bank and its GCC-based investors to reap the benefits from the prosperous commercial property market of France
- International Investment Bank has received shareholder approval to enhance its issued and paid-up capital to US$ 100 million from the present level of US$ 43 million. Once this feat is achievement, the bank's total shareholder funds will increase to US$ 170 million.
International Investment Bank posted a growth of 42.3 percent in the 1st Quarter net income. It is absolutely a rational decision to invest with the Bahrain based bank for a person interested in long term wealth. This is so because the bank works hard for earning dividends on the funds collected from investors as is clear from its investment objectives.