The newly formed ESG Emirates Stallions Group Subsidiary will partner SAAS Properties and Marriott to develop a $440mn project
International Holding Company
Latest in International Holding Company
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
Abu Dhabi
G42’s BoardNavigator set to change board meetings round the world
Developed by G42 on Microsoft’s Azure OpenAI system, it will use and process internal data and combine it with external market information
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
cargo business
Ghitha Holding to acquire 44% stake in Turkish cargo major MNG Airlines
The acquisition is to be done through Ghitha’s wholly-owned indirect subsidiary, Ghitha Aeroinvest Holding for $211 million