Abu Dhabi's IHC Plans to List $27 Billion Holding Firm Next Year.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      MIDDLE East; ABU Dhabi (United Arab Emirates)
    • Abstract:
      Abu Dhabi's largest listed company, International Holding Co. (IHC), plans to list a holding firm called 2PointZero worth over 100 billion dirhams ($27 billion) next year. The newly created firm includes various companies from the Royal Group and spans sectors such as financial services and mining. The CEO of IHC stated that the separate ecosystem for these companies will attract significant capital injection and aid their growth. IHC is also considering listing International Technology Holding and Sirius International Holding in the future. The company aims to focus on internal business growth and sectors such as mining, energy, asset management, micro-finance, reinsurance, and artificial intelligence. [Extracted from the article]
    • Abstract:
      Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)