The collapse was followed by its restructuring, under a plan known as the “Kidder Peabody Plan,” which was engineered by Tamraz (who served for years as its chairman and chief executive officer), under which the deposit obligations of the old Intra Bank were replaced with shares in a new company named Intra Investment Company (IIC), one of the major sovereign wealth investment companies in the Middle East. The major shareholders of IIC were the Lebanese government, along with the governments of Kuwait, Qatar and the United States, all of which had been major depositors in the former bank. IIC remained a major shareholder in key institutions such as Middle East Airlines (Tamraz was the Vice Chairman of the airline for a number of years, with special responsibility for its finances, banking relationships and aircraft purchases), Casino du Liban and Bank Al Mashrek, which carried out the remaining banking operations.