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International Holding Company

International Holding Company News

Drake & Scull's trading ceased in November 2018 when the company disclosed losses exceeded 75 percent of its capital

Profits of 123 Emirates-listed companies at $52bn in 2022

The net earnings of 123 UAE-listed companies reached AED191 billion ($52 billion) in 2022, indicating their strong financial position and healthy revenue growth. The net profits of listed firms increased by 60 percent, or AED72 billion, last year, according to a state-owned Emirates News Agency (WAM) report. Out of the total earnings, nearly 77 companies […]

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 […]

UAE’s IHC makes $2.8bn offer for stake in Colombian food producer

Abu Dhabi-based International Holding Company (IHC) has received authorisation from the Colombian Superintendency of Finance for its subsidiary, IHC Capital Holding, to launch a tender offer of nearly AED10.2 billion ($2.8 billion) for Colombian food processor Grupo Nutresa. The move comes as part of IHC’s long-term investment and development plan in South America, selecting Colombia […]

A Burjeel hospital

Abu Dhabi’s IHC acquires 15% stake in Burjeel Holdings

Abu Dhabi-based International Holding Company (IHC) has purchased a 15 percent stake in healthcare provider Burjeel Holdings. The acquisition aims to diversify IHC’s investment in the healthcare sector locally and regionally, WAM, the UAE state news agency, reported. Founded in 2007, UAE-based Burjeel Holdings is a private healthcare services provider, with a growing presence in […]