IHC launches RIQ, a next-gen AI-driven reinsurance platform based in Abu Dhabi’s ADGM, backed by $1bn and supported by BlackRock and Lunate
IHC
Latest in IHC
Al Seer Marine
Al Seer Marine targets smaller LPG vessels market with new JV
The JV with B International Shipping & Logistics starts with two 22,000cbm semi-refrigerated vessels; secures $180mn 10-year LPG charter deal with BGN
Abu Dhabi
Gridora to develop $9.6bn Abu Dhabi infrastructure projects
Gridora signs deal to start development of high-impact transport infrastructure projects in Abu Dhabi
Abu Dhabi Global Market
IHC, BlackRock and Lunate to establish $10bn reinsurance company in Abu Dhabi
Partners will back the platform initially with over $1bn in initial equity commitments; Company to be headquartered at ADGM
Emirates Stallions Group
Emirates Stallions’ Decovision expands into Saudi Arabia
Decovision is a premier provider of interior design, fit-out contracting and engineering services
Abu Dhabi
Real estate outperforms for IHC as Q1 revenue jumps 41.1% to $7.41bn
UAE’s most valuable publicly listed company reports profit after tax of $1.12bn, with a net profit margin of 15.2%
ADQ
UAE to launch Dirham-backed stablecoin
Dirham-backed stablecoin launched in the UAE will enable simple digital payments
ADQ
ADQ, IHC and Modon JV Gridora to accelerate infrastructure projects
Platform will collaborate with specialist partners and capital providers to advance the delivery of strategic infrastructure projects
Abu Dhabi IHC
Abu Dhabi-based IHC to acquire stake in $10bn Indian snack food major Haldiram
With the backing of Abu Dhabi’s IHC and Alpha Wave Global, Haldirams is said to be set for international expansion
Abu Dhabi
Abu Dhabi-based IHC’s revenue surges 54.4% to $25.8 billion in 2024
Preliminary report shows total assets up 52% to $109.4 billion; Net profit after tax at $6.94 billion; EPS at $1.93
Abu Dhabi
Modon Holding to acquire temporary infrastructure giant Arena
Financial details not disclosed; Transaction to be completed by Q1 2025; Facilitates Modon’s entry into North American market
IHC
EasyLease announces 53% revenue leap to $124m
EasyLease has reported a massive increase in revenue and profit
IHC
IHC’s $1.36bn share buyback programme to start next week
First tranche of $490 million to begin on November 18 in a move to enhance shareholder value and optimise capital allocation
Abu Dhabi
IHC’s Q1 revenue increases 22.5% to $5.26 billion
ADX’s most valuable company’s net profit grows 87.6% to $2.18 billion; share buyback of $1.36 billion approved
Emaar
UAE stocks record AED1.4 billion inflow, IHC, Emaar lead
The surge in turnover led to market capitalisation of listed stocks on the two bourses reaching AED 3.5 trillion at the end of Monday’s session
Abu Dhabi
Abu Dhabi’s IHC announces “Aiden Insight” as AI board member
The strategic initiative positions IHC as a pioneer in leveraging AI for corporate governance and decision-making
Abu Dhabi IHC
IHC announces $9bn net profit as group sees revenue surge
Abu Dhabi’s IHC has reported revenue increase 17.9 per cent to more than $16bn last year