International Holding Company (IHC), the most valuable holding company in the Middle East and one of the world’s largest investment firms with a market capitalisation of $243 billion, clocked AED 92.8 billion ($25.8 billion) in revenue for the full year 2024, an impressive jump of 54.4 per cent compared to AED 60.1 billion ($16.36 billion) in the previous financial year.
Significant investments and portfolio expansion across diverse industries led to total assets growing to AED 401.7 billion ($109.4 billion), up 52 per cent compared to December 2023.
Total equity also saw a substantial rise, increasing by 55.7 per cent to AED 244.1 billion ($66.47 billion), reinforcing IHC’s strong financial position with a significantly enhanced asset base.
IHC’s net profit after tax stood at AED 25.5 billion ($6.94 billion), reflecting an anticipated adjustment as resources were channelled toward high-impact initiatives and subsidiary scaling. Similarly, EPS was recalibrated to AED 7.08 ($1.93), aligning with the strategy to focus on ongoing value-accretive investments in 2024, which are expected to drive enhanced shareholder returns in the future.
The strong financial performance was driven by solid contributions across key sectors. Real estate and construction, as well as marine and dredging, sectors have thrived on market demand, strategic acquisitions, and the successful execution of projects.
IHC’s economic diversification spans over 1,000 subsidiaries, driving growth across industries like asset management, healthcare, real estate, financial services, IT, and more.
Follow us on
