Sheikh Tahnoon’s IHC reports another year of stellar growth

Abu Dhabi's International Holding Company grew net profit by 181 per cent in 2022 to Dh32.6bn. IHC focuses on nine segments and targets expansion in 2023 across sectors such as utilities, food and technology.

March 12, 2023 . 3:37 AM

1 min read

Abu Dhabi's International Holding Company grew net profit by 181 per cent in 2022 to Dh32.6bn.
IHC's fortunes in recent years have perplexed bankers owing to its meteoric rise under Sheikh Tahnoon, the national security adviser of the United Arab Emirates.
IHC invested Dh7.35bn into three portfolio companies of India’s Adani group.
IHC focuses on nine segments, including energy, food, health, real estate and leisure.
IHC said it would target expansion in 2023 across sectors such as utilities, food and technology.