The third quarter marked one of IHC’s strongest quarters to date, with revenue of Dhs29.9bn, up 34.6 per cent year-on-year, and net profit of Dhs8.7bn
IHC will sell its entire 42.54 per cent stake in Modon Holding to L’imad Holding Company
Established in 1989, FWBL operates as a full-fledged commercial bank with 42 branches across the country, offering retail, SME, and corporate banking services
The formation of 2PointZero reinforces IHC’s strategy to create dynamic value networks through innovation, scale, and disciplined growth
Sammaan Capital has provided over $19bn in home loans to more than 680,000 families and extended $9.5bn of mortgage-backed loans to over 100,000 small businesses
The partnership is designed to bolster ADNOC’s operational resilience and support energy transition efforts with innovative insurance solutions
IHC said it is well-positioned to benefit from emerging market opportunities, supported by a growing international footprint, long-term capital strategy, and operational resilience
RIQ will deliver AI-native risk transfer solutions tailored to IHC and its group companies
Fully licensed and regulated by ADGM’s FSRA, Zelo has been operating since August 2020, delivering receivables-based funding to address the region’s SME working capital gap
RIQ is supported by more than $1bn in initial equity commitments and is targeting over $10bn in liabilities
The MoU with ADPIC is the first in a series of planned partnerships aimed at enhancing Abu Dhabi’s infrastructure landscape through sustained public-private cooperation
The new global reinsurance platform to be headquartered in ADGM to serve global markets with focus on accelerating growth of insurance and capital markets ecosystem in Middle East and Asia
The stablecoin is intended for use across a wide range of applications, from individual consumer payments to advanced digital use cases such as AI and machine-to-machine transactions
Operating under Modon Holding, Gridora will serve as a strategic platform to collaborate with specialist partners and capital providers
IHC’s total assets expanded to Dhs401.8bn, up 52 per cent, supported by strategic investments and portfolio expansion
The Adani group’s stock losses have narrowed to $14.7bn from about $33bn since the US indictments were levelled last week.
This substantial investment reflects GQG Partners’ confidence in both Alpha Dhabi and the ADX as a platform for high-quality, long-term investments
Gallega Global Logistics is known for its supply chain solutions across sectors such as automotive, industrial, FMCG, healthcare, and retail
Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA
The newly formed global trading and trade facilitation company will cover trade finance, consulting, commodities exchange and trade insurance
The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30
The new company will provide comprehensive services and advanced solutions designed to accelerate trade volumes, attract foreign investment, and promote economic partnerships
ESG reported a substantial revenue increase to Dhs640m, representing an impressive 140 per cent year-on-year increase
Vedanta could sell up to 30 per cent of its shareholding in the Konkola assets
The holding company reported a year-on-year revenue hike of 22.5 per cent in Q1 2024, reaching a record Dhs19.3bn
By combining their expertise, EasyLease and United Trans aim to deliver a wider range of enhanced mobility solutions to customers across the GCC and MENA regions
International investors in Africa are in a race to acquire long-term supplies for critical minerals
Strategic portfolio expansion and key acquisitions led to an impressive 168 per cent and 202 per cent growth in the company’s assets and equity, respectively
Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn
The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadership in the regional food trading sector