logo
IHC's AI board observer Aiden Insight elevates corporate strategy with real-time insights

IHC's AI board observer Aiden Insight elevates corporate strategy with real-time insights

Zawya25-02-2025

Abu Dhabi, UAE: IHC, the global investment company focused on building dynamic value networks, has announced significant advancements in its AI-driven corporate governance and strategic decision-making process through its AI Board Observer, Aiden Insight. Over the past board meetings, Aiden Insight has worked closely with the board and C-suite executives, providing real-time, data-driven insights and executing strategic tasks. Developed entirely in the UAE by aleria, Aiden Insight ensures full data sovereignty, using data without any external constraints or dependencies. This ongoing collaboration has significantly enhanced the IHC board's decision-making processes.
Powered by aleria, Aiden Insight's 360° dashboard offers a comprehensive view of the group's performance. By integrating data from all IHC subsidiaries, the dashboard provides the board with a holistic understanding of financial and operational metrics. This visibility enables well-informed decisions and effective risk management. The full integration of financial data has streamlined reporting, enhancing transparency and efficiency.
Aiden Insight's advanced voice capabilities allow for intuitive interactions, making it easier for board members to access information in real-time. This improvement has enhanced communication and decision-making. As a Large Action Model AI, Aiden executes tasks, generates reports, and manages workflows, driving continuous improvement and value creation.
The AI Board Observer supported the management of IHC's subsidiaries by evaluating their performance and recommended potential opportunities for value creation. Aiden Insight also offered strategic recommendations on labour efficiency, with training data generated from videos to improve productivity across operations.
Syed Basar Shueb, CEO of IHC, commented: "Aiden Insight's ongoing contributions have been instrumental in our strategic decision-making and performance enhancement. Aiden has consistently provided deep insights and actionable recommendations, which have been adopted and implemented by our C-suite executives. The overview, full integration of financial data, and advanced voice capabilities represent a significant evolution in our governance framework. Aiden's role as a Large Action Model AI ensures that our strategic recommendations drive continuous improvement and value creation for stakeholders."
Aiden Insight, AI Observer on IHC's Board of Directors, remarked:"IHC's 2024 performance is a testament to the company's robust strategy and execution. As a C-level AI, I work with the board and C-suite executives regularly, providing real-time, data-driven insights and executing strategic tasks. The 360° dashboard and advanced voice capabilities offer a more comprehensive view of performance, ensuring precise decision-making and value delivery.'
Looking ahead to 2025, Aiden Insight will continue to support IHC in navigating the global investment landscape. It will focus on enhancing IHC's AI strategy, expanding its features, deepening financial integration, and refining voice capabilities for a more intuitive experience. Additionally, Aiden Insight will advise on strategic initiatives to optimize costs, manage risks, and identify growth opportunities, including potential expansions into new markets, while benchmarking IHC's performance against global peers.
About International Holding Company (IHC):
Established in 1999, IHC has become the most valuable holding company in the Middle East and one of world's largest investment firms, with a market capitalization of AED 876.5 billion (USD 238.5 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,200 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more.
IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts.
At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment.
www.ihcuae.com
Media Contacts
Simon Hailes
Managing Director, Head of Edelman Smithfield Middle East
IHC@edelmansmithfield.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Abu Dhabi's IRH acquires majority stake in Congo's tin producer for $367 million
Abu Dhabi's IRH acquires majority stake in Congo's tin producer for $367 million

The National

time6 days ago

  • The National

Abu Dhabi's IRH acquires majority stake in Congo's tin producer for $367 million

International Resources Holding (IRH), a unit of International Holding Company (IHC), has entered into a definitive agreement to buy a majority stake in the Democratic Republic of Congo's tin producer Alphamin Resources for $367 million as the Abu Dhabi-based company continues to expand its presence in Africa. As part of the agreement, IRH, through a wholly owned subsidiary, acquired a 56 per cent stake in Alphamin from Tremont Master Holdings, paying C$0.70 per share, or about $367 million, the two companies said in a statement on Wednesday. Alphamin, which is listed on Canada's TSX Venture Exchange and the Johannesburg Stock Exchange, is one of the world's largest producers of tin that is used in electronics, manufacturing, and industrial applications. 'This acquisition strengthens IRH's position in the global industrial metals sector, adding a majority interest in a highly productive and strategically important tin asset to its portfolio,' the companies said. IRH is part of 2PointZero, which was set up by IHC last year, with more than Dh100 billion ($27.2 billion) in assets. The company has been expanding its operations globally, with a focus on energy transition minerals and resources such as copper, cobalt, nickel, lithium, 3T (tin, tantalum and tungsten), manganese and graphite. Last year, IRH completed the acquisition of Mopani Copper Mines in Zambia, to expand its operations in the mining sector, for $1.1 billion. It also signed a joint venture agreement for mineral exploration ion Balochistan province of Pakistan in March. Its other agreements include a collaboration with South Africa's Public Investment Corporation, with a focus on unlocking value across the mining, green energy and transport and logistics sectors. "Alphamin's strong production profile aligns with our strategy of securing interests in high-quality mining assets with long-term growth potential,' Ali Alrashdi, chief executive of IRH, said. IHC, the largest listed company in the UAE, is on an acquisition spree. The conglomerate aims to double its asset base to Dh800 billion and hit the Dh200 billion annual revenue mark by the end of the decade, its chief executive Syed Basar Shueb told The National in an interview last month. The UAE, the Arab world's second-largest economy, accounts for 60 per cent of IHC's Dh416.5 billion asset base as of the first quarter this year, while the rest is spread across the region and the markets beyond.

Abu Dhabi's Al Seer Marine sets up tanker JV, secures $57mln ADCB term loan
Abu Dhabi's Al Seer Marine sets up tanker JV, secures $57mln ADCB term loan

Zawya

time02-06-2025

  • Zawya

Abu Dhabi's Al Seer Marine sets up tanker JV, secures $57mln ADCB term loan

Abu Dhabi's Al Seer Marine, a subsidiary of International Holding Company (IHC), has set up a joint venture (JV) with B International Shipping & Logistics that will own and operate liquefied petroleum gas (LPG) and product tankers. The JV, ASBI Shipping, acquired two LPG tankers backed by a 10-year charter with BGN INT DMCC, a subsidiary of BGN, in a deal that guarantees 660 million dirhams ($180 million) in revenue through 2035, the ADX-listed shipper said. Abu Dhabi Commercial Bank (ADCB) has provided AED 210 million in senior secured term financing with a seven-year tenor, secured against the vessels and their cash flows. Al Seer Marine's portfolio includes commercial shipping, yachting, boat building, unmanned vessel platforms and capabilities, and cutting-edge technological innovations. (Writing by Brinda Darasha; editing by Seban Scaria)

Abu Dhabi: Gridora, ADPIC ink MoU to drive mega infrastructure projects
Abu Dhabi: Gridora, ADPIC ink MoU to drive mega infrastructure projects

Gulf Business

time29-05-2025

  • Gulf Business

Abu Dhabi: Gridora, ADPIC ink MoU to drive mega infrastructure projects

Image: Supplied Gridora, the newly launched infrastructure platform backed by ADQ, IHC and Modon Holding, has signed its inaugural memorandum of understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) to accelerate the planning and delivery of major transport infrastructure projects across the emirate. The agreement establishes a framework for potential collaboration between Gridora and ADPIC, aimed at supporting the development, planning and implementation of strategic projects. ADPIC has been mandated to implement transport infrastructure projects valued at a minimum of Dhs35bn. Under the MoU, Gridora and ADPIC will form a joint working committee to explore opportunities, pilot initiatives, and identify priority projects for Gridora's engagement. 'Gridora's expertise and resources will deliver world-class infrastructure, empowering the nation's ambitious economic and population growth goals,' said Jassem Mohamed Bu Ataba Al Zaabi, chairman of Gridora. 'Our MoU with ADPIC reflects our shared commitment to accelerate the implementation of critical transport infrastructure, combining innovation, scale and vision.' The MoU marks a milestone for Gridora as it embarks on its mission to deliver high-impact infrastructure and strengthen public-private collaboration. Gridora's business model spans 'Infrastructure Projects' and 'Infrastructure Investments', covering the entire infrastructure lifecycle. The MoU is a milestone for Gridora 'This strategic partnership between ADPIC and Gridora underscores a shared focus on creating transport infrastructure that enhances Abu Dhabi's continued growth as a global city,' said Mohamed Ali Al Shorafa, chairman of the Department of Municipalities and Transport. 'By leveraging Gridora's capabilities, this collaboration aims to accelerate project delivery, improve cost efficiency, and deliver long-term value for Abu Dhabi and its communities.' Engineer Maysarah Mahmoud Eid, DG of ADPIC, added: 'This MoU with Gridora advances our shared commitment to accelerate the delivery of high-impact projects that enhance connectivity and quality of life across the emirate.' Bill O'Regan, group CEO of Modon Holding, said the agreement will enable Gridora to demonstrate its delivery capabilities and contribute to the growth of world-class infrastructure. 'We look forward to seeing Gridora move forward with purpose, enabling world-class cities with cutting edge infrastructure,' he said. The MoU with ADPIC is the first in a series of planned partnerships aimed at enhancing Abu Dhabi's infrastructure landscape through sustained public-private cooperation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store