The International Holding Company (IHC) has established in Abu Dhabi a new holding company that will own a portfolio whose assets could reach 100 billion dirhams ($27 billion) in a variety of sectors from asset management to mining.
Shares of International Holding, the largest listed company in the UAE by value, jumped by up to 3.2 percent a day after this move was announced.
IHC, which was founded in 1998 and manages a diversified portfolio of assets, operates in the UAE, Middle East, Asia, Africa, Europe and the United States markets and employs more than 6,500 employees around the world. The value of International Holding is $240 billion.
Source (London Al-Arab newspaper, edited)
