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International Holding Company Completes AED 2.1 billion Capital raise
International Holding Company (ADX: IHC), One of the largest listed corporate investment holding firms in the world, headquartered in Abu Dhabi, announced today the completion of its capital rise from AED 1.8 billion to AED 2.1 billion.
International Holding Company Completes AED 2.1 billion Capital raiseInternational Holding Company (ADX: IHC), One of the largest listed corporate investment holding firms in the world, headquartered in Abu Dhabi, announced today the completion of its capital rise from AED 1.8 billion to AED 2.1 billion.
Al Seer Marine aggressive global expansion plan continue with AED 643 million 4 tankers orderAl Seer Marine (ADX: ASM), the global player across multiple marine sectors and International Holding Company (IHC) subsidiary, has announced today a new four IMO II/III product tankers order valued at AED 643 million as part of Al Seer global expansion push this year.
K Shipbuilding, the leading Korean shipyard and one of the world's largest shipbuilders for MR Tankers, will construct the four new medium-range (MR) IMO II/III product tankers at Jinhae Shipyard, which expected to be delivered before the end of Q4 2024. This means that Al Seer Marine fleet now total 12 vessels as the company prepares to transport the transition fuels like methanol, which will help industry reach net zero.
IHC Continue to Beat Market Expectations with Nine Month Record Profit of AED 24bnIHC announced its financial results for the third quarter ended September 30, 2022, with the profit surging 236% for the 9-month period compared to the same period last year, surpassing the full year original profit forecast (AED 17bn). Continued momentum in strategic direct and indirect acquisitions, locally and internationally, were the main drivers behind the growth rate above the previous year's quarter, raising the company's total assets to AED 198.8bn from AED 64.4bn in Q3 2021.
IHC Investment In Lulo Bank Colombia Represents 49.9% of the Bank’s ownershipInternational Holding Company (ADX: IHC), the diversified Abu Dhbai-based conglomerate, has announced today a capital investment of AED 734 million (USD 200 million) in Lulo Colombia S.A., through one of its subsidiaries.
IHC offers to acquire between 25% & 31.25% of the ordinary shares of Grupo Nutresa S.AIHC has bid to buy between 25% and 31.25% of Nutresa's shares at $15 each - 79.3% higher than the closing price on Tuesday. The IHC bid boosted shares in the conglomerate's other companies.