Dr Thani bin Ahmed Al Zeyoudi to chair IHC’s Rorix Holdings

International Holding Company (IHC) has appointed Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, as the executive chairman of Rorix Holdings, the newly formed global trading and trade facilitation company aimed at transforming sectors such as trade finance, consulting, commodities exchange, and trade insurance.

Dr Al Zeyoudi, who has played a key role in driving the UAE’s economic diversification and innovation strategies, said: “Our mission is to accelerate trade volumes, attract foreign investment, and build economic partnerships that drive sustainable growth across various sectors.

“Rorix Holdings will be instrumental in shaping the future of international trade, reinforcing the UAE’s pivotal role in the global economy, and supporting the nation’s vision for comprehensive and inclusive economic progress.”

Read: IHC’s new firm Rorix Holdings to accelerate trade

Rorix Holdings to benefit from new executive chair’s leadership

Syed Basar Shueb, CEO of IHC, emphasised the significance of Dr Al Zeyoudi’s leadership for the newly established company.

He said: “Dr Thani’s leadership will be invaluable as the company embarks on its journey to empower businesses of all sizes to thrive in the international marketplace.

“With the UAE’s comprehensive economic partnership agreement (CEPA) strategy, Rorix Holdings is set to leverage cutting-edge technologies and comprehensive trade solutions to facilitate seamless cross-border trade.”

The company’s initiatives are expected to significantly contribute to the UAE’s economic ambitions and reinforce its role as a global trade hub.

In other news, IHC recently reported its H1 results, with revenue surging to Dhs41.7bn, a 46 per cent increase versus H1 2023.

Revenues were driven particularly by sustained growth in the real estate and construction, marine and dredging, hospitality and leisure, and technology segments, reflecting the depth of IHC’s expanding asset portfolio and the effectiveness of its operational strategies.