The International Holding Company (IHC) is a holding company headquartered in Abu Dhabi , United Arab Emirates , which manages a diversified portfolio of domestic and foreign investments. The conglomerate is said to have close ties to the Abu Dhabi ruling dynasty . The chairman of the company is Sheikh Tahnoon bin Zayed al-Nahyan , who also serves as the country's National Security Advisor and manages two sovereign wealth funds.
9-644: The company is listed on the Abu Dhabi stock exchange and had a market capitalization of 240 billion US dollar in 2024. After the Royal Group transferred 40 companies worth US$ 4.7 billion to IHC, the company's share price grew by 42,000% between 2019 and 2024, making it the second most valuable company in the Gulf States behind Saudi Aramco . This transformation coincides with Tahnoon bin Zayed al-Nahyan's time as Chairman of
18-752: A US$ 2 billion investment agreement with the Indian Adani Group and acquiring a significant stake in the renewable energy sector with the purchase of shares of Turkish Kalyon Enerji . In September 2023 the IHC sold stakes in the Adani Group, but increased its stake in Adani Enterprises . In November 2023, the Group acquired a majority stake in a copper mine in Zambia for just under one billion US dollars. In January 2024
27-586: A significant milestone with its market capitalization reaching AED 2.9 trillion (approximately USD 790 billion). This impressive figure highlights the exchange’s rapid growth, bolstered by strong listings, increased foreign investment, and a robust economic climate in the UAE. Several factors contribute to ADX’s growth: Foreign Investment: ADX has actively courted international investors through initiatives like raising foreign ownership limits for listed companies. ADX has undertaken numerous initiatives to stay competitive on
36-481: Is to support the economic development of the UAE by fostering investment activity, enhancing market liquidity, and attracting both local and international investors. The exchange has implemented rigorous standards for transparency and corporate governance, ensuring investor confidence. Its state-of-the-art trading systems and adherence to international best practices have made ADX a preferred destination for regional and global investors. As of October 2024, ADX achieved
45-573: The Group. The majority of shares (around 60%) in the company are controlled by the Royal Group. IHC was founded in 1998 as Asmak and was initially active in the fisheries sector. The company quickly developed into a regional market leader in the export of seafood. The company went public on the Abu Dhabi Stock Exchange in 2005. In the years that followed, IHC embarked on a strategic journey of acquisitions and diversification that led to expansion into various sectors, including real estate, with
54-600: The IHC established a new holding company with $ 27 billion in assets called 2PointZero. In 2023, IHC established an investment unit, Lunate, to manage Group 42’s China-focused fund, 42X Fund, which had stakes in JD.com and ByteDance . Lunate formed a small team and was being controlled by Tahnoun bin Zayed. The fund became questionable due to G42 and it CEO Peng Xiao’s promise to the US government, as they agreed to divest from China. The International Holding Company manages over 100 investments in
63-528: The acquisition of ESPL properties in 2008. By 2013, IHC had grown significantly through these strategic acquisitions. In 2020, three of its subsidiaries were listed on the Abu Dhabi Securities Exchange. The following year, IHC's growth continued as the company listed more subsidiaries, including Alpha Dhabi, ESG and Al Seer Marine, and became the most valuable company on the Abu Dhabi Stock Exchange. IHC continued its expansion in 2022, concluding
72-573: The following sectors: In 2023, the Real Estate and Construction segment represented the largest share of the Group's revenue (33.9%), followed by Agriculture and Fisheries (29.6%) and Food and Beverages (6.9%). Abu Dhabi Securities Exchange Abu Dhabi Securities Exchange ( ADX ) ( Arabic : سوق أبو ظبي للأوراق المالية ) is a stock exchange in Abu Dhabi , United Arab Emirates (UAE). Established in November 2000, ADX has grown significantly over
81-575: The years, evolving into a dynamic platform for trading and investment, with a reputation for stability, transparency, and innovation. The Abu Dhabi Securities Exchange (ADX) stands as one of the leading financial markets in the Middle East, driving economic growth and serving as a hub for investment opportunities in the region. ADX operates as a platform for trading securities, including shares of public joint-stock companies, debt instruments, exchange-traded funds (ETFs), and derivatives. The exchange’s mission
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