There’s a reason IHC is one of the fastest-growing holding companies in the region; our investments aren’t just business-led, they’re centered on impacting the world by creating opportunities, making things better, and achieving the best for communities, governments and people. Everything we support is synchronized with our drive to improve businesses that improve lives.
As an Abu Dhabi-based company, we are closely aligned with the UAE’s 2030 vision, as well as the Emirates’ plans for the next 50 years, intent on not just supporting but contributing to the advancement of the nation in a multitude of industries through innovation, creativity and resilience.
On the technical level, IHC is a publicly-listed holding company comprising of 100+ entities, with international operating segments and acquisitions in 9 primary business segments: Real Estate; Agriculture; Healthcare; Food and Beverage and Distribution; Utilities; Industries; IT and Communications; Retail and Leisure; and Capital.
The Company – at this point in time known as International Fish Farming Company (Asmak) diversified its operations by acquiring three land parcels, totaling 19,246 sq mt.
The Group took another step in its evolution and acquired the Abu Dhabi Land (ADL) group through a share swap. ADL is a general construction business, in addition to designing and building services for landscape, irrigation, construction, maintenance and labor accommodation. Asmak increased its share capital from AED 300 mn to AED 510 mn.
The business model was diversified with an emphasis on adding wholesale operations, brand ownership, and value added products to the fishery business.
Asmak expanded its food business by establishing a new animal feed business. The objective was to support the UAE’s food security program, as well as service international markets.
Asmak repositioned itself as a holding company for strategic investments. The moment was marked by transforming its name from International Fish Farming Company (Asmak) to International Holding Company (IHC). During the year, the Company also expanded its newly-created animal feed business with the purchase of an additional factory in Spain.
Intending to build upon the solid foundations that had been laid, IHC grew its numerous businesses in 2019 through strategic acquisitions and diversification of its portfolio, remaining focused on increasing revenue and profit to generate greater shareholder value.
The Company grew its portfolio to 97 companies and established 9 business segments, with a focus on Healthcare. Three companies (Palms Sports, Zee Stores and EasyLease) were listed on ADX's Second Market.