International Holding Company (IHC) has reported strong financial growth for 2024, highlighting its ability to drive robust performance and strategically manage its investment portfolio.
IHC’s revenue rose by 54.2% to AED 92.7B from AED 60.1B in 2023, propelled by solid results across key sectors, including real estate, construction, marine and dredging, and hospitality.
Net profit reached AED 25.7B, reflecting a shift towards value-focused investments, while total assets expanded by 52% to AED 401.8B, supported by strategic acquisitions and operational efficiencies.
Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of IHC, remarked: “IHC’s strong 2024 performance demonstrates our commitment to active portfolio management, AI-driven efficiencies, and reinvesting in high-growth industries.”
He added that divesting from mature assets while acquiring innovative investments reinforces IHC’s position as a global investment leader, creating dynamic value networks that transcend traditional industries.
IHC’s growth strategy prioritises high-value investments, cash flow generation, and financial resilience. AI-driven efficiencies and digital transformation have significantly bolstered expansion across sectors such as financial services and technology.
CEO Syed Basar Shueb stated: “2024 has been transformative for IHC, showcasing our strategic vision and disciplined financial management. As we move into 2025, we will continue expanding, leveraging our strong balance sheet, and investing in high-yield opportunities.”
In line with its vision, IHC participated in the 2025 World Economic Forum in Davos, leading a delegation of subsidiaries to engage global leaders. This platform enabled IHC to drive discussions on transformative solutions, establish partnerships, and reaffirm its commitment to sustainable economic growth.
IHC’s Key Highlights in 2024
NMDC Energy’s IPO: Abu Dhabi’s EPC leader debuted on ADX, oversubscribed 31.3 times.
MENA’s Largest Share Buyback: An AED 5B programme launched, starting with AED 1.8B.
Aiden Insight Integration: AI-powered entity joined IHC’s board as an observer.
Mopani Copper Mines: Acquired 51% of Zambia’s leading copper producer.
Modon Holding Expansion: Merged key real estate assets into a major UAE entity.
Enersol’s Acquisition: Secured 42.2% of Gordon Technologies.
Grupo Nutresa Investment: Acquired 14.83% in the Latin American food-processing giant.
Launch of 2PointZero: New investment platform focusing on emerging technologies.
Multiply Group’s Growth: Acquired Backlite Media, enhancing digital advertising presence.
Easylease’s Logistics Move: Acquired 51% of Gallega Global Logistics.
Sawaeed Acquisition: ESG acquired Sawaeed Holding to strengthen workforce services.
