#International Holding Company
The group’s assets edged up by 3.3 per cent to reach Dhs235.6bn, compared to Dhs228bn a year earlier
The transaction represents the completion of a key milestone and is part of the conglomerate’s plans to grow Sirius into one of its key subsidiaries
This development follows last week’s announcement by IHC that it had entered a definitive agreement to sell its stake in AGEL and ATL
Lamar Residences is a large-scale residential project located on Al Raha Beach in Abu Dhabi
The company achieved a robust revenue increase of 50 per cent versus Q1 2022, reaching Dhs15.7bn during Q1 2023
The conglomerate’s revenues surged by 78 per cent to Dhs50.9bn, driven by growth across all verticals and the company’s strategic acquisitions in 2022
Continued momentum in direct and indirect acquisitions were the main drivers behind the growth rate over the previous year’s quarter, with IHC’s total assets increasing to Dhs198.8bn
The strategic acquisition of VLCC Acrux has increased Al Seer Marine’s fleet value to more than Dhs1.2bn
International Holding Company’s technology deals crossed Dhs1bn in value in the first 10 months of the year
Headquartered in Abu Dhabi, Emircom has a wide customer base that includes government organisations, educational institutes, finance houses and healthcare organisations
The holding company’s revenue grew by 121 percent to Dhs21.93bn in the first six months of 2022
IHC has previously acquired stakes in SpaceX through a private equity fund
The three companies – AGEL, ATL and AEL – are part of the Adani Group’s green portfolio, and have core aspects of ESG woven into their operations
Paul Berger, the current Arena EMEA CEO, will transition to become the company’s global CEO
Founded in 2002, Al Seer Marine offers marine services in the region, with total assets of Dhs3.98bn as at the end of June 2021
The company has Dhs10bn in paid-up capital
They will be listed on the exchange’s Second Market in Q2 2021
IHC’s total assets increased to Dhs14bn as of December 31, 2020, from Dhs4bn a year earlier