IHC’s new firm Rorix Holdings to accelerate trade

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In a year that marks transformative growth and strategic expansion, Abu Dhabi-based International Holding Company (IHC) recently unveiled Rorix Holdings, a new global finance and trade facilitation company.

The new entity will focus on financial services, trade finance, advisory, commodities, and trade insurance sectors.

The strategic establishment of Rorix Holdings aims to foster inclusive economic development by serving as an entry point through the UAE for local, regional, and global businesses to access new markets.

The new company will provide comprehensive services and advanced solutions designed to accelerate trade volumes, attract foreign investment, and promote economic partnerships.

Rorix Holdings to build on international trade relations

“As the UAE expands its market access through its comprehensive economic partnership agreement (CEPA) strategy, Rorix Holdings will leverage the latest technologies and trade solutions to empower businesses of all sizes to thrive in the international marketplace,” said Syed Basar Shueb, CEO of IHC. “Rorix Holdings will also play a crucial role in realising the UAE’s vision in facilitating seamless trade across borders and will serve as a crucial enabler for traders, service companies, entrepreneurs, and SMEs seeking new markets.”

The launch of Rorix Holdings comes at a pivotal time when businesses worldwide seek comprehensive support to navigate the complexities of international trade.

The new conglomerate will engage in strategic partnerships and alliances with numerous UAE and global stakeholders in trading, financial services, commodities, logistics, and distribution.

Earlier this year, IHC launched 2PointZero, a next-generation holding company with over Dh100bn in assets.

IHC’s strategic consolidation of assets, robust financial performance, and ongoing commitment to innovation have marked a significant year for the diversified conglomerate.

The company also delivered significant growth in H1 2024 with revenue surging to Dhs41.7bn, a 46 per cent increase over H1 2023. Net profit jumped 18 per cent to Dhs12.3bn year-on-year.