Bahrain Property Fund
In 2005, IIB established a real estate fund successfully acquiring five income generating properties for total purchase price of BD 14 million (US$ 37.1 Million). Consistent with the Fund’s investment objective, it acquired five income generating properties i.e. offices, retail, and residential. During the holding period, the Fund distributed a dividend of 10% per annum.
In 2009, the Fund was fully exited achieving an Internal Rate of Return (IRR) of 9% per annum.