#IHC

Emirates Stallions Group FY 2023

IHC subsidiary Emirates Stallions Group sees net profit rise 316% in 2023

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

IHC Announces Stellar Preliminary Financial Results for 2023 Image courtesy IHC X

IHC sees 18% revenue jump in 2023, as diversification pays off

Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn

Ghitha Holding acquires 44 per cent stake in MNG Airlines Image Supplied

IHC’s Ghitha Holding acquires $211.2m stake in MNG Airlines

The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadership in the regional food trading sector

Q Holding

IHC’s Q Holding revamps top leadership with new group CEO

The new management team has been brought on from Modon Properties as the group undergoes a restructuring since August last year

The 6 companies making up Abu Dhabi’s $27bn 2PointZero

Abu Dhabi’s International Holding Company (IHC) has established a new holding company, 2PointZero, that will have more than Dhs100bn in assets.

IHC increases stake over 5% in Adani Enterprise Ltd Image IHC X

Abu Dhabi-based IHC increases stake in Adani Enterprises to above 5%

This development follows last week’s announcement by IHC that it had entered a definitive agreement to sell its stake in AGEL and ATL

IHC’s half-year net profit surges to $2.8bn

Abu Dhabi’s IHC posts $2.8bn in half-year profit

The conglomerate said its revenues surged by 30.8 per cent year-on-year to Dhs28.7bn as the company sustains its growth trajectory

Aldar, IHC, ADNEC merge property, facilities management

Aldar, IHC, ADNEC merge property, facilities mgmt assets

The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000

Syed Basar Shueb, IHC CEO and Managing Director

Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn

The conglomerate’s revenues surged by 78 per cent to Dhs50.9bn, driven by growth across all verticals and the company’s strategic acquisitions in 2022

ADQ, IHC to create MENA's largest independent investment manager

ADQ, IHC to create MENA’s largest independent investment manager

The new investment manager aims to launch a series of multi-asset class funds to invest in private equity, venture capital, credit and public equities

Emirates Stallions Group

IHC subsidiary Emirates Stallions Group’s profit rises by 197% over last year

The engineering firm announced that revenues grew by more than 365 per cent to Dhs617m in the year to 30 September compared with the same period in 2021

IHC invests in Lulo Bank Colombia

Abu Dhabi’s IHC expands into Latin America, invests $200m in Lulo Colombia

Colombia is the fourth global market which IHC has expanded its investment activities into this year after the UK, India, and Turkey

stock markets

IHC subsidiary International Securities launches global trading platform

Through the launch of this new trading platform, International Securities is expected to double its customer base over the next 18 months

Burjeel-Medical-City_IHC

Abu Dhabi-based IHC acquires 15% stake in Burjeel Holdings

The acquisition will aim to continue to scale and diversify IHC’s investment in the healthcare sector locally and regionally

Kalyon Enerji Turkey

Abu Dhabi’s IHC acquires 50% stake in Turkish clean energy company Kalyon Enerji

Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the construction, energy and aviation industries

UAE’s Al Seer Marine commences work on its first ‘very large gas carrier’

Lucky Gas, Al Seer Marine’s first VLGC, is expected to be completed and delivered by March 2023, with work on the second VLGC scheduled to commence in May

Abu Dhabi’s Multiply Group to invest Dhs367m in DEWA IPO

In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola

ADQ to create UAE’s largest healthcare platform within Pure Health

Abu Dhabi Health Services Company and The National Health Insurance Company will merge into Pure Health as part of the agreement

Abu Dhabi’s IHC approves merger of its real estate firm Al Tamouh with Al Qudra Holding

Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares

IHC’s Multiply Group starts trading on Abu Dhabi Securities Exchange

The group had assets of Dhs8.16bn and 3,240 employees as at end of September 2021

Abu-Dhabi

Multiply Group becomes IHC’s 8th subsidiary to list on ADX

The group will list on ADX’s main market on December 5

ADQ is said to take 50% stake in IHC’s Eltizam Asset Management

IHC shares have nearly quadrupled over the past year

Abu Dhabi’s wealth funds weigh Turkey investments worth billions

Among funds eyeing Turkish investments are Abu Dhabi Investment Authority (ADIA) and ADQ

IHC becomes UAE’s most valuable company after unit list

Alpha Dhabi traded as high as Dhs20 in a direct listing