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12 July 2023 11:54 AM Multiply Group announces AED 367m stake in EIG’s Breakwater Energy
Abu Dhabi - Mubasher: Multiply Group announced plans to acquire a minority interest in Breakwater Energy, a wholly owned subsidiary of EIG, for AED 367 million, equivalent to $100 million. This investment comes under the group’s sector-agnostic …
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4 July 2023 00:35 PM Aldar, IHC, ADNEC join forces to create property management platform
Abu Dhabi – Mubasher: Aldar Properties, International Holding Company (IHC), and Abu Dhabi National Exhibitions Company (ADNEC) will merge their jointly owned property and facilities management businesses within the Aldar Estates platform. Under …
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20 June 2023 03:19 PM UAE’s IHC eyes shareholding in Colombia-based Grupo Nutresa
Abu Dhabi – Mubasher: IHC Capital Holding LLC, a subsidiary of International Holding Company (IHC), signed a share swap agreement with Grupo de lnversiones Suramericana (Grupo Sura), Grupo Nutresa, and Grupo Argos. According to a bourse …
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15 June 2023 02:00 PM IHC’s Emirates Stallions collaborates with Q Holding to launch AED 320m JV project
Abu Dhabi – Mubasher: Emirates Stallions Group, a subsidiary of the listed International Holding Company (IHC), has teamed up with Q Holding to form Century Village which is a joint venture (JV) project at a total value of AED 320 million. The new …
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16 May 2023 09:46 AM Waha Capital’s profits to equityholders plunge 52% in Q1-23
Abu Dhabi – Mubasher: The net profits attributable to the owners of Waha Capital dropped by 52% to AED 74.95 million in the first quarter (Q1) of 2023 from AED 146.62 million in Q1-22. The net operating income hit AED 241.75 million in Q1-23, …
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15 May 2023 03:29 PM IHC generates higher profits in Q1-23; revenues leap 50%
Abu Dhabi – Mubasher: The net profits attributable to the owners of International Holding Company (IHC) enlarged to AED 2.61 billion in the first quarter (Q1) of 2023 from AED 1.60 billion in Q1-22. The revenues stood at AED 15.74 billion as of 31 …
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7 May 2023 04:53 PM Alpha Dhabi generates 161% higher profits in Q1-23
Abu Dhabi – Mubasher: The net profits of Alpha Dhabi Holding amounted to AED 7.31 billion in the first quarter (Q1) of 2023, an annual jump of 161% from AED 2.83 billion. Revenues jumped by 56% to AED 12.77 billion in Q1-23 from AED 8.16 billion …
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2 May 2023 10:44 AM Multiply Group unveils Q1-23 financial results, dividends
Abu Dhabi - Mubasher: The net profits excluding fair value gains/ losses of Multiply Group surpassed AED 266 million in the first quarter (Q1) of 2023, recording a 241% year-on-year (YoY) leap. The UAE-based company posted revenues worth AED …
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24 April 2023 05:39 PM Multiply Group to acquire majority stake in Media 247 for AED 184m
Abu Dhabi – Mubasher: Multiply Group has signed a binding commitment to acquire a 55% majority stake in outdoor advertising company Media 247 for approximately AED 184 million. The completion of the equity takeover deal is still subject to …
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22 March 2023 11:55 AM Waha Capital announces 2022 cash dividends
Abu Dhabi - Mubasher: The shareholders of Waha Capital approved a cash dividend distribution of 8 fils per share for 2022. The dividends were approved during the company’s annual general meeting (AGM) on 21 March, according to a press release. In …
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12 March 2023 11:27 AM IHC’s profits to equityholders jump to AED 12.65bn in 2022
Abu Dhabi – Mubasher: International Holding Company (IHC) posted net profits attributable to the shareholders worth AED 12.65 billion in 2022, higher than AED 7.33 billion in 2021. The revenues stood at AED 50.94 billion during the …
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6 March 2023 07:14 PM ADQ partners with IHC to establish MENA’s biggest independent investment manager
Abu Dhabi – Mubasher: Investment and holding company ADQ has teamed up with International Holding Company to create the largest multi-asset class investment manager in the MENA region. The investment manager, which will be headquartered in Abu …
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12 February 2023 04:15 PM Multiply Group registers AED 18.42bn profits to owners in 2022
Abu Dhabi - Mubasher: Multiply Group posted net profits attributable to the equityholders worth AED 18.42 billion in 2022, an annual leap from AED 184.91 million. Revenues amounted to AED 1.12 billion during the January-December 2022 period, …
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12 February 2023 02:12 PM Waha Capital sees 12% lower profits to shareholders in 2022
Abu Dhabi - Mubasher: Waha Capital logged net profits attributable to the equityholders worth AED 344.37 million in 2022, down 12% year-on-year (YoY) from AED 391.03 million. The net operating income reached AED 720.31 million during the …
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12 February 2023 10:20 AM Alpha Dhabi’s profits hike to AED 10.6bn in 2022 unaudited results
Abu Dhabi – Mubasher: Alpha Dhabi Holding registered AED 10.60 billion net profits in 2022, an annual leap from AED 5.16 billion, according to the preliminary income statements. The ADX-listed firm reported revenues of AED 39.64 billion during the …
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9 February 2023 06:47 PM IHC’s Palms Sports extends Active Hub deal for AED 39m
Abu Dhabi – Mubasher: Palms Sports, the global sports management firm which is a subsidiary of the listed International Holding Company (IHC), has concluded the renewal of its Active Hub programme contract for a total value of AED 39 million. The …
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7 February 2023 01:13 PM IHC’s unit Emirates Stallions unveils 2 major acquisitions
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), has acquired a 50% equity in Al Eskan Al Jamae, a UAE-based real estate development and management firm. The majority stake is equivalent to …
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2 February 2023 03:45 PM IHC unveils 1st business acquisition in 2023 for AED 315m
Abu Dhabi – Mubasher: International Holding Company (IHC) has purchased a 55% equity in Reach Employment Services at a value of AED 315 million, according to a press release. The transaction marks IHC's first business acquisition in 2023 and …
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31 January 2023 01:14 PM UAE-based IHC to pump AED 1.4bn into India’s Adani Enterprises
Abu Dhabi – Mubasher: International Holding Company (IHC) plans to invest AED 1.40 billion ($400 million) in Adani Enterprises Limited (AEL), which is part of India-based Adani Group. IHC would endorse the further public offering (FPO) of Adani …
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24 January 2023 00:57 PM Al Seer Marine acquires MT Meissa tanker for AED 132m
Abu Dhabi – Mubasher: Al Seer Marine, a subsidiary of the International Holding Company (IHC), has acquired the MT Meissa, formally known as MT Kokako, at a value of AED 132 million. MT Meissa, an IMO II/III product tanker, has been fixed on five …
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8 January 2023 02:51 PM Alpha Dhabi, Mubadala to invest up to AED 9bn in global credit
Abu Dhabi – Mubasher: Alpha Dhabi Holding and Mubadala Investment Company established a joint venture (JV) to co-invest in global credit opportunities, according to a press release. The two UAE-based firms plan to collectively endorse up to AED 9 …
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2 January 2023 03:04 PM IHC’s Ghitha eyes acquisition of Green Park
Abu Dhabi – Mubasher: Ghitha Holding, a subsidiary of International Holding Company (IHC), plans to acquire Green Park Investment’s entire shares. The transaction is still subject to obtaining regulatory approvals, according to a bourse filing. …
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29 November 2022 04:44 PM IHC completes 17% capital hike via acquisition of Infinity’s shares
Abu Dhabi – Mubasher: International Holding Company (IHC) increased its capital by 17% to AED 2.10 billion from AED 1.80 billion, according to a press release. The transaction came after acquiring Infinity Wave Holding’s shares in the ADX-listed …
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29 November 2022 01:17 PM IHC reportedly eyes IPOs in 2023; other investments unveiled
Abu Dhabi – Mubasher: International Holding Company (IHC) intends to conduct four initial public offerings (IPOs) in 2023, the same number it completed in 2022, Syed Basar Shueb, CEO of IHC, told Reuters. Shueb pointed out that the company has not …
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9 November 2022 03:25 PM IHC posts higher profits to owners at AED 10.82bn in 9M-22
Abu Dhabi – Mubasher: The net profits attributable to the shareholders of International Holding Company (IHC) amounted to AED 10.82 billion in the first nine months (9M) of 2022, a leap from AED 4.72 billion in 9M-21. The ADX-listed firm generated …