Dubai – Mubasher: International Investment Bank (IIB) on Wednesday announced that it has successfully exited from its investment in an Airbus wide-body aircraft leased to a European airline, generating an investment return rate (IRR) of 18%.

The Islamic wholesale investment bank based in the Kingdom of Bahrain, which is owned by major investors from the UAE, Saudi Arabia, Kuwait and Bahrain, also unveiled the opening of Swissotel Sarajevo.

The hotel, which is part of the Sarajevo City Centre, has 21 floors and 218 rooms, 40 of which are apartments, with spacious rooms that offer a panoramic view of the city and surrounding mountains.

“We are in the process of recalibrating our strategy to ensure investor and shareholder value is enhanced. The launch of Swissotel Sarajevo and the Airbus exit are both in line with this strategy,” Saeed Abdul Jalil Al Faheem, IIB Chairman, said.