Company Insights International Holding Company Banking & Finance International Holding Company Overview International Holding Company (IHC) is a diversified conglomerate based in Abu Dhabi with investments across a range of industries. IHC was founded in 1998 to help diversify and develop non-oil business sectors in the UAE. With a market cap of over AED875 billion ($238 billion) it is the most valuable company on the Abu Dhabi Stock Exchange. Over the years IHC has evolved into a leading player in sectors including energy, utilities, healthcare, food and agriculture, real estate and technology. The company owns and operates numerous subsidiaries, including Aldar, Burjeel Holdings, PureHealth, Alpha Dhabi and Al Seer Marine. It has notable investments in companies including the Adani Group, Taqa, Presight, Adnoc Gas, Bayanat, Getty Images and SpaceX. IHC is expanding its international footprint, especially in markets across the Middle East and Africa. IHC became publicly listed on the Abu Dhabi Stock Exchange in 2021. International Holding Company News Real Estate Real-estate growth pushes IHC revenue up by 49% Abu Dhabi conglomerate International Holding Company (IHC) said revenue surged 49 percent year on year for the first nine months of 2024 to AED64 billion ($17.4 billion), supported by the real estate and construction segment. The segment’s growth was driven by an increase in Aldar’s revenue from strong property development sales, higher income from acquisitions […] November 7, 2024 Finance India’s Adani set to raise $1bn from Middle East wealth fund Adani Group, led by Indian billionaire Gautam Adani, is in advanced discussions with an unnamed sovereign wealth fund from the Middle East to raise up to $1 billion for its airports business, a news report said. The first tranche of the fundraising will be finalised by the end of the fourth quarter of 2024, Economic […] October 13, 2024 Banking & Finance IHC H1 profit up $3.4bn as revenue rises 46% Revenues at Abu Dhabi conglomerate International Holding Company (IHC) surged 46 percent for the first half of 2024 to AED41.7 billion ($11.3 billion). The company said it was due to sustained growth in its technology, real estate and construction, marine and dredging, and hospitality and leisure divisions. Net profits were up 18 percent to AED12.3 […] August 7, 2024 Finance IHC reports marginal profit despite revenue climbing 18% International Holding Company (IHC) has reported an increase in net profit of just 1.2 percent year on year to AED32.95 billion ($8.97 billion) in 2023, despite an almost 20 percent rise in revenue. IHC – the Middle East’s largest listed holding company, which is listed in Abu Dhabi – is part of a business empire […] February 27, 2024 Aviation UAE’s Ghitha invests $220m in Turkish cargo airline Ghitha Holding, a subsidiary of Abu Dhabi conglomerate International Holding Company (IHC), has announced an investment of more than $220 million in Turkish cargo airline MNG. The company said it has entered into a share purchase agreement to buy a 44 percent stake in MNG Havayollari ve Tasimacilik. The deal was made through its wholly […] February 6, 2024 Finance Abu Dhabi’s IHC forms $27bn holding company 2PointZero The Abu Dhabi-based International Holding Company (IHC) has set up a holding company that will have more than AED100 billion ($27.23 billion) in assets, under the name 2PointZero. The board has approved a move to transfer entities across several sectors to the new company after regulatory approvals, IHC said in a statement. The holding company’s […] January 3, 2024 Finance 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 […] October 4, 2023 Finance 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 […] September 29, 2023 Finance Abu Dhabi firm launches $50bn asset manager Abu Dhabi-based Chimera Investment has launched Lunate, an alternative investment manager with over $50 billion in assets under management (AUM). The company – one of the Middle East and North Africa’s (Mena) largest alternative investment managers – will be based in the Abu Dhabi Global Market. It will invest across private equity, venture capital, private […] September 17, 2023 Banking & Finance Abu Dhabi firms to create region’s largest asset manager Abu Dhabi’s ADQ and International Holding Company plan to create the region’s largest multi-asset class investment manager. The new investment manager will manage a portfolio of assets from ADQ’s alternative investments platform, Abu Dhabi Growth Fund and International Holding Company (IHC). Through a series of new funds, it will invest in alternative assets including private […] March 7, 2023 Posts navigation 1 2 Next
Real Estate Real-estate growth pushes IHC revenue up by 49% Abu Dhabi conglomerate International Holding Company (IHC) said revenue surged 49 percent year on year for the first nine months of 2024 to AED64 billion ($17.4 billion), supported by the real estate and construction segment. The segment’s growth was driven by an increase in Aldar’s revenue from strong property development sales, higher income from acquisitions […] November 7, 2024
Finance India’s Adani set to raise $1bn from Middle East wealth fund Adani Group, led by Indian billionaire Gautam Adani, is in advanced discussions with an unnamed sovereign wealth fund from the Middle East to raise up to $1 billion for its airports business, a news report said. The first tranche of the fundraising will be finalised by the end of the fourth quarter of 2024, Economic […] October 13, 2024
Banking & Finance IHC H1 profit up $3.4bn as revenue rises 46% Revenues at Abu Dhabi conglomerate International Holding Company (IHC) surged 46 percent for the first half of 2024 to AED41.7 billion ($11.3 billion). The company said it was due to sustained growth in its technology, real estate and construction, marine and dredging, and hospitality and leisure divisions. Net profits were up 18 percent to AED12.3 […] August 7, 2024
Finance IHC reports marginal profit despite revenue climbing 18% International Holding Company (IHC) has reported an increase in net profit of just 1.2 percent year on year to AED32.95 billion ($8.97 billion) in 2023, despite an almost 20 percent rise in revenue. IHC – the Middle East’s largest listed holding company, which is listed in Abu Dhabi – is part of a business empire […] February 27, 2024
Aviation UAE’s Ghitha invests $220m in Turkish cargo airline Ghitha Holding, a subsidiary of Abu Dhabi conglomerate International Holding Company (IHC), has announced an investment of more than $220 million in Turkish cargo airline MNG. The company said it has entered into a share purchase agreement to buy a 44 percent stake in MNG Havayollari ve Tasimacilik. The deal was made through its wholly […] February 6, 2024
Finance Abu Dhabi’s IHC forms $27bn holding company 2PointZero The Abu Dhabi-based International Holding Company (IHC) has set up a holding company that will have more than AED100 billion ($27.23 billion) in assets, under the name 2PointZero. The board has approved a move to transfer entities across several sectors to the new company after regulatory approvals, IHC said in a statement. The holding company’s […] January 3, 2024
Finance 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 […] October 4, 2023
Finance 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 […] September 29, 2023
Finance Abu Dhabi firm launches $50bn asset manager Abu Dhabi-based Chimera Investment has launched Lunate, an alternative investment manager with over $50 billion in assets under management (AUM). The company – one of the Middle East and North Africa’s (Mena) largest alternative investment managers – will be based in the Abu Dhabi Global Market. It will invest across private equity, venture capital, private […] September 17, 2023
Banking & Finance Abu Dhabi firms to create region’s largest asset manager Abu Dhabi’s ADQ and International Holding Company plan to create the region’s largest multi-asset class investment manager. The new investment manager will manage a portfolio of assets from ADQ’s alternative investments platform, Abu Dhabi Growth Fund and International Holding Company (IHC). Through a series of new funds, it will invest in alternative assets including private […] March 7, 2023
