Latest news with #SyedBasarShueb
Gulf Business
a day ago
- Business
- Gulf Business
IHC posts Dhs10.8bn H1 profit on robust revenues, strategic bets pay off
Image: IHC/ X Abu Dhabi's International Holding Company (IHC) reported a 31.1 per cent rise in revenue for H1 2025, reaching Dhs54.7bn, with net profit climbing to Dhs10.8bn, driven by strong portfolio performance, disciplined investments, and a standout second quarter. The second quarter was among the group's strongest, with revenue up 22.5 per cent year-on-year to Dhs27.5bn and net profit rising 55.3 per cent to Dhs6.7bn. 'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda,' said Syed Basar Shueb, CEO of IHC. 'By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets.' Key segments such as real estate, marine and dredging, hospitality and leisure, and financial services led topline and margin growth. Real estate and construction contributed Dhs22.6bn in revenue, up 47.8 per cent year-on-year and accounting for over 41 per cent of the group's topline. Marine and dredging posted Dhs14.1bn, rising 10.8 per cent, while hospitality and leisure saw revenue jump 72 per cent to Dhs4.9bn. Financial services and energy also posted solid growth, rising 21.4 per cent and 161.3 per cent respectively. Earnings per share stood at Dhs2.49, with return on equity at 10.8 per cent. Total assets climbed to Dhs436.9bn, up 8.7 per cent from the end of 2024. IHC's strategic activity included the launch of Gridora, a national infrastructure platform formed with ADQ and Modon, and RIQ, an ADGM-based global reinsurance platform developed in partnership with BlackRock and Lunate. Read: The group also collaborated with ADQ and First Abu Dhabi Bank on a UAE dirham-backed stablecoin, and led its subsidiaries to the 2025 World Economic Forum in Davos. Looking ahead, IHC said it is well-positioned to benefit from emerging market opportunities, supported by a growing international footprint, long-term capital strategy, and operational resilience. IHC H1 2025 highlights Multiply Group acquired a 67.91 per cent stake in European fashion retailer Tendam. Reem Finance stake acquisition (69.33 per cent) to expand financial services presence. eFunder rebranded to Zelo, offering digital-first invoice financing for SMEs. Dirham-backed stablecoin project with FAB and ADQ to promote blockchain innovation. Modon entered UK real estate via a 50 per cent joint venture in London's 2 Finsbury Avenue. Al Ain Farms acquired Al Jazira Poultry Farm for Dhs255m. Aldar expanded logistics footprint with Dhs530m ALMARKAZ acquisition. NMDC Group acquired 70 per cent of Emdad, adding recurring oilfield service revenue. Esyasoft bought UK-based Good Energy in a Dhs53m renewable tech push. PureHealth acquired a 60 per cent stake in Hellenic Healthcare Group for $2.3bn.
Arabian Business
2 days ago
- Business
- Arabian Business
Abu Dhabi's IHC posts record H1 profit of AED 10.8bn as real estate leads growth
International Holding Company (IHC) posted AED 10.8 billion net profit for the first half of 2025, supported by strong performance in key sectors including real estate, marine, hospitality, and financial services. The group also reported a 31.1 per cent year-on-year increase in revenue to AED 54.7 billion during the six-month period, reflecting the group's enhanced operating leverage and execution of its strategic investment agenda. 'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda. By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets,' said Syed Basar Shueb, CEO of IHC. Second-quarter performance was particularly strong, with revenue rising 22.5 per cent year-on-year to AED 27.5 billion and net profit jumping 55.3 per cent to AED 6.7 billion, marking one of the group's strongest quarters to date. The real estate and construction segment was the top contributor, generating AED 22.6 billion in revenue, up 47.8 per cent year-on-year, and accounting for 41.4 per cent of total revenue. Marine and dredging revenue rose 10.8 per cent to AED 14.1 billion, while hospitality and leisure saw a 72 per cent jump to AED 4.9 billion. Financial services revenue increased by 21.4 per cent to AED 1.8 billion, and energy rose 161.3 per cent year-on-year to AED 0.4 billion. Earnings per share climbed to AED 2.49 and return on equity stood at 10.8 per cent. Total assets reached AED 436.9 billion as of 30 June 2025, up from AED 401.8 billion at the end of 2024. 'As we shape the industries of tomorrow, we continue to connect innovative businesses with long-term capital and operational excellence, ensuring that our platform remains built for scalable and sustainable global relevance. IHC remains committed to being a catalyst for economic transformation and delivering enduring value to our shareholders and stakeholders,' Shueb added. IHC launched several major initiatives in H1 2025: RIQ: A next-generation reinsurance platform developed with BlackRock and Lunate, based in ADGM and backed by over USD 1 billion in equity. Gridora: A national infrastructure platform formed with ADQ and Modon to drive large-scale project delivery. Dirham-Backed Stablecoin: A digital payments initiative launched with ADQ and First Abu Dhabi Bank (FAB). World Economic Forum: IHC led a major delegation to Davos 2025, engaging in global dialogue and forging new partnerships. IHC expands globally with strategic acquisitions The company also expanded its global footprint: Multiply Group acquired a 67.91 per cent stake in European fashion retailer Tendam. IHC acquired a 69.33 per cent stake in Reem Finance, bolstering its financial services vertical. eFunder was rebranded as Zelo, a UAE-focused SME invoice financing platform. Modon Holding entered the UK real estate market through a joint venture in 2 Finsbury Avenue. Al Ain Farms acquired Al Jazira Poultry Farm for AED 255 million. Aldar expanded logistics operations via the acquisition of ALMARKAZ assets from Waha Capital for AED 530 million. NMDC Group acquired 70 per cent of oilfield services firm Emdad, diversifying into OPEX-based revenues. Esyasoft acquired UK-based Good Energy for AED 453 million, strengthening its renewable and EV tech position. PureHealth completed a USD 2.3 billion deal to acquire a 60 per cent stake in Hellenic Healthcare Group in Greece. The group aims to continue deploying capital through long-term strategic partnerships and scale its operations across priority sectors.
Zawya
2 days ago
- Business
- Zawya
IHC delivers significant growth in H1 2025 with AED 54.7bln revenue and AED 10.8bln net profit
Syed Basar Shueb: 'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda. By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets.' IHC delivers 31.1% Revenue growth in H1 2025, reaching AED 54.7 billion, driven by strong performance across core verticals. Group Net Profit reached AED 10.8 billion, reflecting enhanced operating leverage and disciplined execution of strategic investments. Q2 2025 delivered one of IHC's strongest quarters, with Revenue rising 22.5% YoY to AED 27.5 billion and Net Profit surging 55.3% to AED 6.7 billion. Real Estate, Marine & Dredging, Hospitality & Leisure, and Financial Services were key contributors to topline growth and margin expansion. Strategic initiatives included the launch of RIQ and Gridora, the Dirham-Backed stablecoin collaboration with ADQ and FAB, and expanded global engagement at the World Economic Forum in Davos. Abu Dhabi, UAE: IHC, the global investment company focused on building dynamic value networks, has reported its financial results for the first half of 2025, achieving Revenue of AED 54.7 billion, a 31.1% increase compared to AED 41.7 billion in H1 2024, and a Profit After Tax of AED 10.8 billion. The second quarter of 2025 delivered one of the Group's strongest quarterly performances, with Revenue rising 22.5% year-on-year to AED 27.5 billion and Net Profit surging 55.3% to AED 6.7 billion, underscoring IHC's accelerating growth momentum and strategic execution. Revenue growth was supported by solid contributions from core operating segments. The Real Estate & Construction segment delivered AED 22.6 billion in revenue, up 47.8% year-on-year, driven by sustained demand for inventory and the launch of new development projects, contributing 41.4% of total revenue. Marine & Dredging reported AED 14.1 billion in Revenue, a 10.8% increase compared to H1 2024, reflecting elevated project activity and international expansion. Hospitality & Leisure achieved AED 4.9 billion in Revenue, marking a 72% increase, supported by broad-based demand across key assets, and recent global investments and acquisitions. Additionally, Financial Services with AED 1.8 billion in revenue (up 21.4% YoY) and Energy with AED 0.4 billion (up 161.3% YoY) are emerging as high-growth contributors, further diversifying IHC's Revenue base. Earnings per Share rose to AED 2.49, underscoring IHC's continued focus on operational efficiency and disciplined capital allocation. Return on Equity stood at 10.8%, further reflecting the Group's ability to generate value from its capital base. Total Assets reached AED 436.9 billion as of 30 June 2025, up 8.7% from AED 401.8 billion as of 31 December 2024. Syed Basar Shueb, CEO of IHC, commented: 'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda. By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets. As we shape the industries of tomorrow, we continue to connect innovative businesses with long term capital and operational excellence, ensuring that our platform remains built for scalable and sustainable global relevance. IHC remains committed to being a catalyst for economic transformation and delivering enduring value to our shareholders and stakeholders.' During the first half of 2025, IHC led several strategic initiatives across priority sectors. These included the launch of Gridora, a national infrastructure platform formed with ADQ and Modon; the unveiling of RIQ, a next-generation global reinsurance platform developed in partnership with BlackRock and Lunate; and a collaboration with ADQ and First Abu Dhabi Bank to pioneer a UAE Dirham-backed stablecoin. IHC also led a delegation of its key subsidiaries at the 2025 World Economic Forum in Davos to engage with global leaders, forge strategic partnerships, and reinforce its commitment to sustainable growth. Looking ahead, IHC remains well positioned to capitalize on evolving market opportunities, supported by its dynamic investment strategy, operational resilience, and expanding global footprint. Through disciplined capital deployment and long-term strategic partnerships, the Group continues to create scalable value across key industries, while playing a pivotal role in shaping future economic ecosystems both locally and internationally. IHC Group Highlights in H1 2025: Multiply Group's Entry into European Fashion Retail: Multiply Group secured a 67.91% controlling stake in Tendam, enhancing its presence in the global apparel market. Expansion in Financial Services with Reem Finance Stake: IHC acquired a 69.33% stake in Reem Finance, strengthening IHC's presence in UAE financial services and broadening access to flexible financing solutions. IHC's Commitment to Employee Welfare: IHC signed an MoU with Lunate to explore enrolling employees in the Ghaf Benefits plan. Active Participation in Davos 2025: IHC led a delegation of its key subsidiaries at the 2025 World Economic Forum in Davos, fostering global dialogue and partnerships. SME Financing Platform Acquisition and Rebrand as Zelo: IHC acquired and rebranded eFunder as Zelo, the UAE's premier invoice financing platform serving the USD 250bn SME credit gap with digital-first access. Launch of AI-Native Reinsurance Platform RIQ: IHC unveiled RIQ in partnership with BlackRock and Lunate, an ADGM-based global reinsurance platform backed by over USD 1bn in equity and targeting USD 10bn+ in liabilities. IHC, ADQ & Modon Launch Gridora Infrastructure Platform: IHC, ADQ and Modon Holding formed Gridora, a joint venture operating under Modon, to accelerate the delivery of strategic infrastructure projects across the UAE and globally. IHC, ADQ & FAB Pioneer Dirham-Backed Stablecoin: IHC, ADQ, and First Abu Dhabi Bank announced plans to launch a UAE Dirham-backed stablecoin to enhance digital payments and blockchain innovation. Modon's Landmark UK Prime Real Estate Investment: Modon Holding entered the London market through a 50% joint venture in the 2 Finsbury Avenue development. Al Ain Farms' Growth in Poultry Sector: Al Ain Farms acquired Al Jazira Poultry Farm for AED 255m, adding to Arabian Farms. Expansion in Logistics through ALMARKAZ: Aldar acquired integrated logistics assets in ALMARKAZ from Waha Capital for AED 530m, boosting its income-generating portfolio across Abu Dhabi, DIP, Jebel Ali and Dubai South. Diversification in Oilfield Services via Emdad: NMDC Group acquired 70% of Emdad, expanding into recurring OPEX-driven services with over AED 600m in 2024 revenue Renewables and EV Tech Growth with Good Energy: Esyasoft acquired UK-based Good Energy in a AED 453m deal, enhancing its capabilities in renewable energy and electric mobility. PureHealth's Strategic European Expansion: PureHealth acquired a 60% stake in Hellenic Healthcare Group, Greece's largest private healthcare provider, in a USD 2.3bn transaction. About International Holding Company (IHC): Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world's largest investment firms, with a market capitalization of AED 881.6 billion (USD 239.9 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,300 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. Media Contacts Simon Hailes Managing Director, Head of Edelman Smithfield Middle East IHC@ +971 50 973 1173
Al Etihad
3 days ago
- Business
- Al Etihad
IHC reports Dh54.7 billion revenue and Dh10.8 billion profit in H1 2025
4 Aug 2025 20:39 ABU DHABI (ALETIHAD)International Holding Company (IHC) has reported robust financial results for the first half of 2025, posting revenue of Dh54.7 billion, up 31.1% year-on-year, and a net profit of Dh10.8 billion, reflecting its accelerating growth across core second quarter proved to be one of the strongest in IHC's history, with revenue surging 22.5% year-on-year to Dh27.5 billion and net profit increasing by 55.3% to Dh6.7 billion, driven by strategic execution and operational business segments underpinned the topline growth, with the Real Estate & Construction vertical alone contributing Dh22.6 billion in revenue—up 47.8% and accounting for 41.4% of the total. Marine & Dredging reported Dh14.1 billion, Hospitality & Leisure rose 72% to Dh4.9 billion, and Financial Services and Energy grew by 21.4% and 161.3%, per share climbed to Dh2.49, and return on equity stood at 10.8%, underscoring operational efficiency and capital discipline. As of June 30, 2025, total assets rose to Dh436.9 billion, up from Dh401.8 billion at the end of 2024.'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda,' said Syed Basar Shueb, CEO of IHC. 'By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets. As we shape the industries of tomorrow, we continue to connect innovative businesses with long-term capital and operational excellence, ensuring that our platform remains built for scalable and sustainable global relevance. IHC remains committed to being a catalyst for economic transformation and delivering enduring value to our shareholders and stakeholders.'Among notable initiatives in H1 2025, IHC launched RIQ, an AI-native global reinsurance platform in partnership with BlackRock and Lunate; Gridora, an infrastructure joint venture with ADQ and Modon; and a UAE Dirham-backed stablecoin project in collaboration with ADQ and First Abu Dhabi Bank. It also led a high-level delegation to the World Economic Forum in portfolio moves included Multiply Group's acquisition of a controlling stake in Spain-based fashion retailer Tendam, a 69.33% stake in Reem Finance, and PureHealth's Dh8.4 billion acquisition of a majority stake in Greece's Hellenic Healthcare Group. Other investments spanned logistics, oilfield services, renewable energy, and SME financing. IHC, now valued at Dh881.6 billion in market capitalisation, continues to position itself as a global investment powerhouse with an expanding portfolio of over 1,300 subsidiaries across sectors such as asset management, real estate, healthcare, IT, and financial services.
Fintech News ME
16-07-2025
- Business
- Fintech News ME
IHC Acquires SME Financing Platform eFunder, Rebrands as Zelo
International Holding Company (IHC), a global investment firm based in Abu Dhabi, has announced the completion of its acquisition of eFunder, a private financing platform in the UAE that focuses on SMEs. The platform has been rebranded as Zelo, signalling a new phase aimed at expanding its reach and improving access to capital for businesses across the region. Zelo is fully licensed and regulated by the Financial Services Regulatory Authority (FSRA) under Abu Dhabi Global Market (ADGM). Since its launch in August 2020, it has provided receivables-based funding to address the persistent working capital challenges faced by SMEs in the region. The platform allows approved invoices to be converted into working capital within 24 to 48 hours through a digital-first process. The acquisition aligns with IHC's broader strategy to invest in technologies that support economic resilience and growth. It also comes in response to the estimated US$250 billion SME credit gap in the Middle East and North Africa. In the UAE, SMEs represent more than 95% of registered businesses and contribute over half of the national gross domestic product, yet many face payment delays of up to 120 days for approved invoices. 'SMEs are the backbone of a diversified and future-ready economy. Through our strategic acquisition of Zelo, we are proud to support a platform that solves one of the most fundamental barriers facing SMEs, access to timely working capital,' said Syed Basar Shueb, CEO of IHC. 'This rebrand signals a confident new chapter, one that is fully aligned with IHC's long-term vision of building smart, scalable solutions and dynamic value networks that deliver real and lasting economic impact.' Zelo aims to address these payment delays through a digital platform designed for efficiency. It offers an entirely online onboarding process, automated funding decisions, and fast access to liquidity. The platform's credit limits adjust in line with business performance, providing a flexible financing option. 'Zelo exists to eliminate the wait. The wait for payments, the wait for growth, the wait for opportunity,' said Dhanush Arjun, CEO of Zelo. 'Our rebrand signals not just a new name, but a renewed commitment to SMEs in the UAE who deserve faster, smarter access to capital. With IHC's strategic backing, we are accelerating that future.' The company continues to be led by eFunder's co-founders, Dhanush Arjun as CEO and Deepak Sekar as COO, supported by a team with experience in fintech, SME lending, and digital infrastructure. Since its inception, the platform has facilitated over 9,000 transactions and deployed more than US$200 million in funding.
