Mubasher: International Holdings Company (Asmak) changed its commercial name in order to diversify investments and reinforce its operational and financial capacities, according to a statement on Tuesday.

The decision was taken by the board as an incentive for expansion plans in the future, which will positively reflect on investors and clients, the statement added.

By the end of June 2017, the Abu Dhabi-listed firm changed its name to International Holdings Company with "IHC" as its new trading symbol.