The IIUM Holdings Group, where IIUM is the sole shareholder, comprises of 9 subsidiaries, namely IIUM Higher Education, IIUM Schools, IIUM Educare, IIUM Consultancy, IIUM Medical Specialist Centre, IKOP Pharma, Daya Bersih, IIUM Properties, and IIUM Advanced Technologies. The Group started with a company called Gombak Educational & Cultural Development Sdn. Bhd. in 1998 before later changed its name to IIUM Schools. The University then saw the potential of business growth which led to its decision to form a new company known as IIUM Holdings Sdn. Bhd. in April 2001. The purpose of IIUM Holdings was to act as the business arm of IIUM, which was to oversee business diversification and opportunities. Hence, IIUM Holdings Group was born. Throughout the 20 years, the Group has gone through several recessions. However , with steadfast leadership, dedicated management and committed workforce, the Group managed to navigate its way during the treacherous journey, where at times exercising conventional wisdom, while at other times, taking up the challenge. Either way, the Group evolved into a better version of itself.