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International Holdings acquires 2 Shuaa’s units

International Holdings acquires 2 Shuaa’s units
IHC will undergo organisational restructure
Shuaa
SHUAA
14.91% 0.13 0.02
IHC
ASMAK
0.00% 399.50 0.00

Abu Dhabi – Mubasher: International Holdings Company’s (IHC) unit, IHC Holding RSC, has acquired Shuaa Securities and Shuaa Capital International, subsidiaries of Shuaa Capital.

The deal will be pending required regulatory approvals, according to a bourse statement released on Thursday. The value of the transaction was not revealed. 

In line with its strategy to develop the food investment sector, IHC also acquired Al Ajban Poultry.

International Holdings’ board consented to the restructuring of the Abu Dhabi-listed company’s organisation structure.