Press releases, Reports & Disclosures for International Holding Company PJSC

International Holding Company (IHC), a global diversified conglomerate based in Abu Dhabi, has reported a 24.8% revenue growth in YTD-2023 compared to YTD-2022. This growth is attributed to positive performance in key segments such as real estate and construction, marine and dredging, and services. IHC's total assets grew by 3.3% to AED 235.6 billion as compared to December 2022. The company also reported a profit after tax of AED 15.2 billion for the nine-month period ending September 2023. IHC's CEO, Syed Basar Shueb, anticipates continued market volatility but expects the company's financial resilience to continue driving shareholder value. The company also reduced its total liabilities by 1.3% and grew its total owner's equity by 16.3% to AED 78.9 billion in Q3 2023.

The review report and interim financial information for International Holding Company PJSC has been released, covering the nine-month period ending on 30 September 2023. The report details the company's financial performance and operations during this period.

Abu Dhabi-based International Holding Company (IHC) has transferred four of its key environmental businesses to its subsidiary, Sirius International Holding. The move is part of IHC's plan to grow Sirius into a major subsidiary and a global player in sustainable technology. The transfer includes Green Energy Investment Holding RSC LTD, Green Enterprise Investment Holding RSC LTD, Green Vitality LTD, and IHC's 80% ownership of Rebound Limited. Sirius will focus on solutions for decarbonization, methane capture and reduction, clean energy efficiency, and water recovery and efficiency.