Major Highlights
Acquiring Aston Martin in 2007
TID and its Kuwaiti partner Adeem Investments bought the majority shares of the British cars producing company of Aston Martin from the American company of Ford. TID's shares in Aston Martin reached nearly 50%.
Acquiring Grosvenor House Apartments in London in 2006
TID entered the UK markets through acquiring Grosvenor House Apartments on Park Lane in central London via its subsidiary, Park Lane Properties Limited. The deal made the second largest Islamic finance transaction in the UK history using a series of sequential Murabahah transactions.
Record Listing of TID Sukuk in DIFX in 2006
The Investment Dar's Sukuk of 150 million USD was listed in Dubai International Financial Exchange (DIFX) in a record 45 days time after closing the transaction. This was the first listing of any asset type on the DIFX by the company. The total value of Sukuk was raised to 4.11 billion USD.
Boosting TID Share in Bahrain Islamic Bank to 40% in 2006
TID increased its share in Bahrain Islamic Bank (BISB) from 25.88% to 40% boosting the company's investments in the banking sector. TID is also the largest founder of the first Islamic bank in Syria, Cham Bank, as well as the Investment Dar Bank in Bahrain. Locally, TID owns a major influential share in one of the first Islamic bank in Kuwait, Boubyan Bank.
TID Musharakah Sukuk Subscription Raises to USD 100 million in 2005
TID's mandated partner issued the first Musharakah (participation) Sukuk in the GCC region when ABC Islamic Bank, the partner, issued Sukuk of USD 50 million out of Bahrain through Special Purpose Vehicle (SPV). The subscription was raised from the initial USD 50 million to USD 100 million.
Boosting Oqyana Capital to USD 750 Million in 2005
TID and its strategic ally, Efad Group, made one of the largest private placements in the history of Kuwait and the region by increasing Oqyana Real Estate Company's capital from KD 1million (approximately USD 3 million) to KD 250 million (USD 750 million) in record time.
