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UAE’s IHC elects new chairman

UAE’s IHC elects new chairman
IHC approves election of new chairman
IHC
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Abu Dhabi – Mubasher: International Holdings Company (IHC), listed on the Abu Dhabi Securities Exchange (ADX), announced that its board of directors has approved the election of Nadir Ahmad Al Hammadi as the company’s chairman.

The board also approved the election of Hamad Khalfan Al Shamsi as the company’s vice chairman, International Holdings added in a statement to the ADX.

In May, IHC revealed it had generated a net profit of AED 9.26 million for the first quarter of 2019, compared to AED 9.88 million in Q1-18.

The company’s revenues stood at AED 190.9 million in the three-month period ended 31 March 2019, versus AED 112.4 million in Q1-18