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Abu Dhabi’s IHC raises stake in India’s Adani Enterprises

Abu Dhabi-headquartered International Holding Company (IHC) has increased its stake in India’s Adani Enterprises Limited to more than five percent after selling stakes in two other Adani Group companies last week. With investments in airports, data centres, green hydrogen, and various other verticals, Adani Enterprises is “poised to capitalise on India’s robust growth journey”, the […]

Adani

Abu Dhabi’s IHC to sell stake in two Adani entities

International Holding Company (IHC), an Abu Dhabi-headquartered investment firm, is to sell its stake in two of India’s Adani Group companies. The conglomerate’s subsidiaries, Green Energy Investment Holding RSC and Green Transmission Investment Holding RSC, have entered into definitive agreements with a buyer to sell their stake in Adani Green Energy Limited and Adani Energy […]

India says connecting its power grid to Saudi Arabia and the UAE will help it supply power to Europe

Taqa to invest up to $2.5bn in Gautam Adani’s power units

Abu Dhabi National Energy Company (Taqa) is assessing an investment of $1.5 billion to $2.5 billion in the power businesses of Indian billionaire Gautam Adani, a local Indian daily reported. The Abu Dhabi Securities Exchange-listed company plans to invest in one or multiple Adani Group companies, the Economic Times, a financial daily, reported, citing informed […]

Turkey's green fund will provide financing to businesses, promote investment in green technologies and diversify the financial sector Turkey green fund

QIA buys $500m stake in Adani’s green energy firm 

India’s Adani Group has raised $500 million by selling a part of its holdings in Adani Green Energy Limited to investors, including INQ Holding, a wholly owned unit of Qatar Investment Authority (QIA). The stake sale by Indian billionaire Gautam Adani aims to reduce promoter-level debt and release stock pledges.  Infinite Trade and Investment sold 42.6 million […]

Morocco mulls hydrogen energy deal with Asia’s richest man

Morocco is ramping up plans to become a major producer and exporter of green hydrogen, and the investment deals reportedly on the table include with Indian billionaire Gautam Adani.  Named as Asia’s richest person, Adani is the chairman and founder of Adani Group, a multinational conglomerate with interests spanning the port development, industrial, logistics, and […]

Abu Dhabi's IHC is accelerating the growth of its tech portfolio

IHC sets out plan to create Mena’s largest tech company

International Holding Company (IHC), the Abu Dhabi-based conglomerate, plans to create the largest tech holding company in the Middle East and North Africa (Mena) region. IHC said it wants to scale up its IT businesses as part of the long-term strategy to grow its capacity in the tech industry across different sectors. The company added […]

Lulu Bank

Abu Dhabi’s IHC invests $200m in Colombian digital bank Lulo

International Holding Company, the Abu Dhabi-based conglomerate, has announced a capital investment of $200 million in Lulo Colombia, the holding company of Colombia’s first regulated digital bank, Lulo Bank. Lulo Bank is Columbia’s first fully digitalised bank and has signed up more than 120,000 active users since it was launched in June and is set […]

Abu Dhabi Borouge’s $2 billion IPO set to be ADX’s biggest

Abu Dhabi-based petrochemicals company Borouge raised more than $2 billion on Tuesday after demand for its initial public offering topped $83.4 billion. The shares are due to start trading on the Abu Dhabi Securities Exchange (ADX) on Friday under the symbol BOROUGE, the largest listing to date on the exchange which has seen a string […]

The new company will enhance Egypt's competitiveness as a major financial centre for trading of carbon certificates

Abu Dhabi’s $2bn green energy splash will deepen India ties

Abu Dhabi-based International Holding Company PJSC’s (IHC) AED 7.3 billion ($2 billion) investment in Indian multinational conglomerate Adani Group takes the UAE-India partnership to “a different level” with more deals on the horizon, market observers said.  IHC provided capital to Adani Green Energy, Adani Transmission, and Adani Enterprises, which are all listed on the Bombay […]