Staff Report,
Dubai, UAE
International Holding Company (IHC), a leading Abu Dhabi-based investment conglomerate, has reported a marginal profit growth from Dh32.6 billion in 2022 to Dh32.7 billion in 2023. However, its revenue increased by 18 percent to more than Dh60 billion from the previous year’s Dh50.9 billion. This significant revenue growth is attributed to the company’s strategic acquisitions and the enhanced financial performance of its existing businesses, aligning with the management’s strategic vision for the Group.
IHC’s Earnings per Share (EPS) saw a substantial rise, nearly doubling from Dh6.81 to Dh12.36, reflecting the company’s strong profitability and the value generated for its shareholders.
IHC’s subsidiaries operate across diverse sectors such as real estate and construction, utilities, healthcare, food and agriculture, marine and dredging. The Group saw further expansion across hospitality, sustainability, AI and technology, and financial services and asset management.
Ends
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