IHC, a global investment firm focused on creating value-driven networks, has reported its preliminary financial results for 2024, with revenue rising by 54.4% to AED 92.8 billion from AED 60.1 billion in 2023.
The company’s strong performance was supported by key sectors such as real estate and construction and marine and dredging, which benefited from increased market demand, strategic acquisitions, and the successful execution of projects.
Total assets grew by 52% to AED 401.7 billion, reflecting major investments and portfolio expansion across multiple industries. Total equity also increased by 55.7% to AED 244.1 billion, reinforcing IHC’s financial strength and positioning it to take advantage of high-growth market opportunities.
Net profit after tax stood at AED 25.5 billion, reflecting a planned adjustment as resources were allocated to high-impact initiatives and subsidiary expansion. Earnings per share were adjusted to AED 7.08, aligning with IHC’s strategy to focus on value-generating investments in 2024 to drive long-term shareholder returns.
IHC remains committed to sustainable growth, leveraging its strong balance sheet to foster innovation, improve operational efficiencies, and expand its global reach. The company continues to play a key role in economic diversification while delivering long-term value to shareholders.
