International Holding Company (IHC), a prominent Abu Dhabi-based global investment firm, has successfully sold its 42.54% stake in Modon Holding to L’imad Holding, a fully owned subsidiary of the Abu Dhabi Government. The sale is part of IHC’s broader strategy to rebalance its portfolio and unlock liquidity for future investments.
Portfolio Realignment and Liquidity Unlock
This transaction, valued at an undisclosed amount, is a key part of IHC’s active portfolio management program, aimed at maintaining a balanced exposure across sectors and geographies. As per IHC’s sector concentration framework, the company limits exposure to any single sector to no more than 20%, a guideline which the sale of its stake in Modon aligns with.
The decision to divest its stake in Modon reflects IHC’s commitment to strategic diversification, with the company focused on recycling capital into high-growth sectors such as healthcare, technology, energy, food and agriculture, and financial services.
Modon’s Growth and IHC’s Strategic Exit
IHC initially acquired its 42.54% stake in Modon in August 2023. Since then, Modon has rapidly scaled and become a market leader in real estate and infrastructure, generating multi-billion-dirham revenues and strong profitability. The company has maintained momentum into 2025, reporting record real estate sales and a robust revenue backlog in the first half of the year.
The sale allows IHC to capitalize on Modon’s strong growth trajectory, securing liquidity to fuel its diversified investment strategy. IHC described the divestment as a timely exit, reflecting both the firm’s agile approach to capital allocation and its focus on long-term value creation.
IHC’s CEO on the Transaction
Syed Basar Shueb, CEO of IHC, emphasized that the sale reinforces the company’s disciplined capital management approach, highlighting the firm’s commitment to sustainable, long-term value creation for shareholders.
“This sale reflects our disciplined approach to capital allocation and our commitment to maintaining a well-balanced, diversified portfolio,” said Shueb. “While we continue to see attractive fundamentals in real estate, our strategy is to avoid over-concentration in any single sector. Recycling capital from Modon provides additional liquidity to accelerate investment into high-growth areas where we believe we can create sustainable, long-term value for our shareholders.”
Looking Ahead: Continued Diversification and Investment Opportunities
IHC reaffirmed its intention to continue evaluating new opportunities across key sectors, with a focus on platforms that generate resilient cash flows, innovation, and sustainable growth. The sale of Modon underscores IHC’s strategic evolution into one of the most diversified and agile investment groups in the region, aligning with the UAE’s broader economic diversification agenda.
The move is also seen as a step toward enhancing IHC’s ability to support long-term growth across multiple sectors while maintaining a balanced investment portfolio.
