International Holding Company PJSC

Logotype for International Holding Company PJSC
Ticker/ISIN
ASMAK
AEI000201014
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates

Latest Pressrelease Summaries from International Holding Company PJSC

International Holding Company PJSC (IHC) has issued a disclaimer to alert the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders. These scams request personal, business, and financial information, including credit card and bank details, for payments or investments. IHC emphasizes that it never sends such requests through email, mail, or any other means. The company advises caution and urges individuals not to provide sensitive information if they receive such requests. To verify legitimacy, emails should originate from the "@ihcuae.com" domain. IHC advises staying informed through their official website or the ADX platform to avoid scams.
International Holding Company PJSC (IHC) has issued a notice warning the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders online. These scams request personal, business, and financial information, including credit card and bank details, purportedly for tender fees or investments. IHC emphasizes that it will never request such information or payments via email, mail, or any other means. The company advises caution and verification of any communication claiming to be from IHC, ensuring it originates from the official "@ihcuae.com" domain. To avoid scams, individuals are encouraged to stay informed through IHC's official website or the ADX for the latest news and disclosures.
International Holding Company (IHC), a diversified conglomerate based in Abu Dhabi, announced strategic recommendations from its AI-powered tool, Aiden Insight, following a Q3 2024 board meeting. Aiden Insight has been instrumental in analyzing data and proposing strategies to enhance IHC’s growth and governance. Key recommendations include prioritizing receivables management to maintain financial momentum, enhancing corporate governance to ensure transparency and compliance, and accelerating AI deployment to improve efficiency and reduce costs. IHC reported significant financial growth in Q3, with a 49.4% increase in revenue and an 18.3% rise in profit-after-tax for the first nine months of 2024.
International Holding Company P.J.S.C (IHC) has initiated a share buyback program valued at up to AED 5 billion, approved by its Board of Directors on May 6, 2024, and by the general assembly on June 20, 2024. The program will run from June 20, 2024, to June 19, 2025, with the possibility of extension subject to approval by the Abu Dhabi Securities Exchange (ADX). The buyback will be managed by International Securities LLC, the sole authorized broker, and will be executed in tranches based on market prices at the time of purchase. The shares bought back will be treated as treasury shares and may be sold back within two years or canceled, reducing the company's share capital. The program complies with Article 221 of the Federal Decree Law No. 32 of 2021 on Commercial Companies and ADX Operational Rules. Shareholders can sell their shares during the program through standard market procedures, and all transactions will be disclosed per regulatory requirements.
International Holding Company PJSC (IHC) has issued a notice alerting the public about scams using the company's name, employee names, and logo to advertise fraudulent investment opportunities and tenders. These scams request personal, business, and financial information, as well as credit card or bank details. IHC emphasizes that it does not request such information or payments via email, mail, or any other means. The company advises caution if such requests are received and recommends verifying the legitimacy of communications by checking the sender's email address, which should always come from an "@ihcuae.com" domain. To stay informed and protect against scams, IHC encourages visiting their official website or checking news and disclosures on the ADX website.
The International Holding Company (IHC) has announced its plan to initiate a share buyback program, starting with a first tranche valued at AED 1.8 billion. This represents 36% of the total buyback program. The buyback orders for this tranche will begin on Monday, November 18, 2024, following the standard trading rules of the Abu Dhabi Securities Exchange (ADX). The company will regularly disclose completed purchases on both the ADX and its own website.
International Holding Company (IHC) has announced the launch of a AED 5 billion Share Buyback Program, starting with an initial purchase of AED 1.8 billion, which accounts for 36% of the total program. The first tranche will commence on November 18, 2024. This initiative aims to enhance shareholder value and optimize capital allocation, demonstrating IHC's confidence in its growth potential. Approved in June 2024, the program will last one year, with potential extensions subject to regulatory approval. It will be executed in tranches, either monthly or quarterly, by International Securities LLC. CEO Syed Basar Shueb highlighted the program's role in reinforcing shareholder value and maintaining an efficient capital structure, reflecting the company's financial resilience and growth outlook.
International Holding Company PJSC (IHC) has issued a notice to inform the public about the misuse of its name, employee names, and logo by scammers promoting fraudulent investment opportunities and tenders online. These scammers are requesting personal, business, and financial information, including credit card and bank details, under the guise of paying tender fees or investing in the company. IHC emphasizes that it never requests personal, business, or financial information through email, mail, or any other means, nor does it ask for payments or investments in such a manner. The company advises verifying the legitimacy of communications by checking that emails come from the official "@ihcuae.com" domain. IHC urges individuals to stay informed about potential scams by visiting its official website or checking news and disclosures on the ADX platform.

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News Update From International Holding Company PJSC

Disclosures: Disclaimer from International Holding Company PJSC - Phishing Mails

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News Update From International Holding Company PJSC

Disclosures: Disclaimer from International Holding Company PJSC - Phishing Mails

International Holding Company PJSC (IHC) has issued a warning to the public about scammers using the company's name, employee names, and logo to advertise fraudulent investment opportunities and tenders online. These fraudsters are asking individuals and entities to provide personal and business information, as well as credit card and bank details for supposed tender fees or investments. IHC has stressed that it never sends tender requests or communications asking for personal, business, or financial information, nor does it ask for payments or investments via email, mail, or any other means. The company advises caution if such requests are received, and recommends not providing any sensitive information.

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News Update From International Holding Company PJSC

Disclosures: IHC - 2PointZero Appoints Leadership with a Global Vision

2PointZero, a subsidiary of International Holding Company (IHC), has announced the appointment of Sheikh Zayed bin Hamdan bin Zayed Al Nahyan as Chairman and Mariam bint Mohammed Saeed Hareb Almheiri as CEO. Both appointments bring a wealth of experience in fields such as AI, Media, Engineering, and Sustainability. Sheikh Zayed has a strong leadership background and has shown interest in the integration of AI in media. Mariam Almheiri, a former Minister of Climate Change and Environment, has a notable career in environmental and sustainability issues. The appointments are expected to help 2PointZero achieve its vision of being a leader in diverse industry verticals and contributing to global progress.

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News Update From International Holding Company PJSC

Disclosures: IHC announce the formation of 2PointZero – A Next Generation Holding Company

International Holding Company (IHC) has announced the formation of 2PointZero, a next-generation holding company. The IHC board has approved the transfer of several companies to 2PointZero, which is expected to have assets exceeding AED 100 billion. 2PointZero aims to innovate across multiple sectors including financial services, investment banking, technology and AI, mining and resource management, and digital and crypto ecosystems. The transfer will be completed after obtaining all regulatory approvals. The vision of 2PointZero is to build sustainable ecosystems that empower communities, cultivate technological excellence, and ensure financial resilience.

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News Update From International Holding Company PJSC

Disclosures: Disclaimer from International Holding Company PJSC - Phishing Mails

The International Holding Company PJSC (IHC) has issued a notice warning the public that scammers are using the company's name, employee names, and logo to advertise fraudulent investment opportunities and tenders online. These scammers are asking individuals or entities to provide personal, business, and financial information, including credit card and bank details. IHC emphasizes that it never requests such information via email, mail, or any other means, nor does it ask for payments or investments in this manner. Any such requests claiming to be from IHC should be treated with caution and no sensitive information should be provided.

1. Attached Document

ADX News

ADX News

News Update From International Holding Company PJSC

Disclosures: Disclaimer from International Holding Company PJSC – Phishing Mails

The International Holding Company PJSC (IHC) has issued a warning about scammers using the company's name, employee names, and logo to advertise fake investment opportunities and tenders online. The scammers are asking individuals and businesses to provide personal and financial information, including credit card and bank details. IHC emphasizes that it will never request such information via email, mail, or any other means, nor will it ask for payments or investments in this manner. If such a request is received, it should be treated with caution and no sensitive information should be provided.

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News Update From International Holding Company PJSC

Disclosures: International Holding Company PJSC - Sirius International Holding Unveils S3: Pioneering the path as a Global Leader in combating Climate Change

Sirius International Holding, a subsidiary of IHC, has launched Smart Sustainability Solutions (S3), a company dedicated to offering solutions for a transition to a net-zero economy. S3 aims to revolutionize the climate economy by integrating diverse sectors into single value chains and providing commercially viable end-to-end solutions. The company's focus areas include Methane, Carbon, Circularity (Circular Economy), and Water Efficiency. S3 plans to deploy capital and management resources on a large scale, aiming to become one of the largest companies dedicated to combating climate change. The company will also focus on developing nations, fostering global cooperation for low-carbon economic development.

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News Update From International Holding Company PJSC

Disclosures: IHC Sustains Positive Momentum Throughout Q3 2023 and Delivers Robust Topline Growth

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.

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Disclosures: International Holding Company PJSC Financial Results for the Period Ended September 30,2023

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.

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News Update From International Holding Company PJSC

Disclosures: International Holding Company PJSC Management Discussion and Analysis Report for the Period Ended September 30,2023

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