IHC confirms it will not sell its majority stake in Aldar Properties, reaffirming long-term confidence in Abu Dhabi real estate sector
International Holding Company
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2pointZero
IHC unveils $33bn merger creating Abu Dhabi investment powerhouse
IHC announces merger of Multiply Group, Ghitha Holding, and 2PointZero to form $32.7bn Abu Dhabi-listed powerhouse, 2PointZero Group
Abu Dhabi
Abu Dhabi’s IHC posts record H1 profit of AED 10.8bn as real estate leads growth
The momentum was supported by strong performance in key sectors including real estate, marine, hospitality, and financial services
IHC
IHC acquires UAE fintech eFunder, rebrands it as Zelo to tackle $250bn SME funding gap
Zelo will scale digital invoice financing for SMEs in the UAE, with IHC support and over $200m in funding already deployed
Abu Dhabi
Royal Development Holding announces its maiden project on Al Reem Island
The newly formed ESG Emirates Stallions Group Subsidiary will partner SAAS Properties and Marriott to develop a $440mn project
Abu Dhabi
ESG unites its real estate entities to launch Royal Development Holding
It consolidates Royal Development Company and Royal Architect Project Management into a boutique real estate development company
EasyLease
EasyLease Q1 revenue jumps 71% to $45.3 million
Operational profit flat at $4.5mn despite decision to front-load strategic investments in its expanding subsidiary network
end-of-service benefits
Abu Dhabi’s IHC signs MoU with Lunate to explore Ghaf Benefits for employees
Ghaf Benefits, launched by Lunate, is an alternative end-of-service benefits fund platform dedicated to enhancing workplace benefits in the UAE
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
Palms Sports revenue up 82.5% to $290mn for the year
The Abu Dhabi sports management company announces 41% YoY increase in gross operating profits to $49 million
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
UAE’s Dune to expand into commercial shipbuilding market
The Abu Dhabi-based JV between Al Seer Marine and Damen International hoping to build 26 new vessels next year
International Holding Company
IHC revenue grow 49.4% $17.43 billion; PAT surges to $4.9bn
Real estate and construction segment outperform as company’s total assets reach $104.3 billion
Abu Dhabi
Emirates Stallions Group revenue soars 125% YoY to $245.2 million
Operational profit up 69% to $41.33 million; Gross profit up 221% to $82.83 million; Total assets rise 13% compared to December 2023
Al Seer Marine
Abu Dhabi’s Al Seer Marine undergoes a brand refresh
New brand identity mirrors the company’s strategic direction in developing a future-proof fleet and innovative products; Assets reach $2.04 billion
Abu Dhabi
Abu Dhabi’s IHC forms Rorix Holdings to facilitate global trade
Will engage in strategic partnerships and alliances in areas like trading, financial services, commodities, logistics and distribution
Abu Dhabi
Emirates Stallions Group takes controlling stake in two UAE design firms
Additional 40% stake gives the Abu Dhabi-based company 100% ownership in Vision Factory and 85% stake in Decovision
