Strong start for IHC in the first half of the year, reporting a net profit of Dh10.8 billion
International Holding Company (IHC), a leading company in the UAE's push to diversify its non-oil business sectors, has announced impressive results for the first half of 2025. The company's strategic investments in emerging industries, geographic expansion, and key sector acquisitions have directly fueled its robust revenue growth and profitability.
Syed Shueb, chief executive of IHC, stated that the company's first-half results demonstrate the strength of its diversified model and the execution of its strategic investment agenda. The strategic agenda focused on disciplined capital deployment across diversified sectors, prioritizing long-term strategic partnerships, operational excellence, and scalable, sustainable growth.
Key initiatives included launching innovative platforms such as RIQ, an AI-native global reinsurance platform in partnership with BlackRock and Lunate; Gridora, a national infrastructure joint venture with ADQ and Modon; and a UAE Dirham-backed stablecoin project, collaborating with ADQ and First Abu Dhabi Bank. These investments, alongside strategic acquisitions like Multiply Group's controlling stake in Spain's Tendam and PureHealth's majority acquisition of Greece's Hellenic Healthcare Group, significantly contributed to portfolio performance and operational leverage expansion.
This strategic agenda led to strong top-line growth and margin expansion. IHC reported a 31.1% revenue increase to AED 54.7 billion (approximately $14.89 billion) and net profit of AED 10.8 billion in H1 2025. Real estate and construction contributed Dh22.6 billion to IHC's revenue, a 47.8% year-on-year increase. Hospitality and leisure achieved a 72% increase in revenue, reaching Dh4.9 billion. Marine and dredging posted a 10.1% annual increase in revenue, reaching Dh14.1 billion.
In addition to these achievements, IHC introduced Saif, a homegrown online marketplace for artificial intelligence, at the Make it in the Emirates summit in Abu Dhabi. The company also established a new holding company, 2PointZero, with over $27 billion in assets in January 2024.
IHC is keen to expand its portfolio of assets in the US, India, and fast-growing economies in the Central Asian region. The company aims to double its asset base to Dh800 billion and hit the Dh200 billion annual revenue mark by the end of the decade.
In partnership with Abu Dhabi's state holding company ADQ, IHC launched Gridora, a national infrastructure platform designed for the development of new infrastructure projects in the UAE and markets around the globe. The company has been actively investing, acquiring businesses and fast-growing companies in various markets.
The second-quarter net profit of IHC saw a 55.3% jump, reaching Dh6.7 billion. The launch of new development projects contributed 41.4% of total revenue in real estate and construction. IHC's revenue represents a 31.1% increase from Dh41.7 billion in the corresponding period of 2024.
In conclusion, IHC's strategic investments in emerging industries, geographic expansion, and key sector acquisitions have positioned the company as a catalyst for economic transformation and sustainable value creation for shareholders and stakeholders. The company's robust financial performance in the first half of 2025 underscores its commitment to long-term growth and its role as a key player in the UAE's economic diversification efforts.
- International Holding Company (IHC), a UAE-based firm, showcases its success in the first half of 2025 with strong results, attributed to strategic investments in emerging industries, geographic expansion, and key sector acquisitions.
- Syed Shueb, the CEO of IHC, emphasizes the robustness of the company's diversified model and the implementation of its strategic investment agenda.
- Key initiatives include partnerships with industry leaders like BlackRock and Lunate for an AI-native global reinsurance platform, and joint ventures with ADQ and Modon for national infrastructure projects.
- IHC's strategic acquisitions, such as Multiply Group's stake in Spain's Tendam and PureHealth's majority ownership of Greece's Hellenic Healthcare Group, have significantly boosted portfolio performance.
- The company reports a 31.1% revenue increase to AED 54.7 billion (approximately $14.89 billion), with sectors like real estate, hospitality, leisure, marine, and dredging experiencing significant growth.
- IHC has introduced Saif, an AI-focused online marketplace, and established 2PointZero, a holding company with over $27 billion in assets.
- The company aims to double its asset base to Dh800 billion and achieve Dh200 billion in annual revenue by the end of the decade, targeting growth in the US, India, and Central Asian economies.
- IHC's partnership with ADQ on the Gridora national infrastructure platform demonstrates its commitment to developing infrastructure projects in the UAE and globally, furthering its role as a catalyst for economic transformation.
