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Abu Dhabi's IHC is preparing to exit minority investments worth USD 20-25 billion over the next 18 months, focusing on non-strategic holdings. The company has been actively restructuring its portfolio, including merging companies into 2PointZero Group, selling Multiply Group's district cooling business, and divesting stakes in Modon Holding. At the same time, it retains confidence in majority investments like Aldar Properties. Strong financial performance, with a 35% revenue increase in Q3, supports the company's plan to deploy USD 30-35 billion in new investments, including an advanced-stage energy project in Chad.
Abu Dhabi-based conglomerate International Holding Company (IHC) is planning to sell non-strategic minority investments valued between USD 20 billion and USD 25 billion over the next 18 months, according to CEO Syed Basar Shueb. The company holds interests across healthcare, energy, real estate, agriculture, and mining, with investments spanning the U.S., India, Latin America, and Africa. IHC is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE president's brother and national security adviser. Advertisement
Shueb mentioned that the company prefers acquiring control in its investments. If controlling stakes are not possible and the investment is more strategic for other parties, IHC will proceed with divestment. At present, the company is at an advanced stage for at least two exits, with one expected in early 2026.
In recent months, IHC completed several portfolio moves. Three of its portfolio companies were merged into 2PointZero Group, combining assets of roughly AED 120 billion (USD 32.67 billion). It also finalised the sale of Multiply Group's district cooling business for USD 1.1 billion and sold its 42.54% stake in Modon Holding to L'imad Holding. Despite these divestments, IHC continues to support its majority investment in Aldar Properties, dismissing speculation of any changes.
The group reported strong financial results, with third-quarter revenue rising 35% year-on-year to AED 29.9 billion and profit attributable to equity holders increasing to AED 4.67 billion from AED 3.66 billion a year earlier. Shueb emphasized that IHC's cash generation is robust and any financing requirements are easily met through bank lending, with no immediate plans to access debt markets. Over an 18-month period, the company could deploy USD 30 billion to USD 35 billion to fund new investments through a combination of debt and equity.
Among potential opportunities, IHC is in advanced discussions for an energy project in Chad, which will focus on solar, wind, and battery solutions. This aligns with the UAE's growing engagement in the region. Since 2020, IHC's market capitalisation has surged to nearly USD 240 billion, reflecting strong growth and investor confidence.
Source Reuters
5th Jun, 2025
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