Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Arab Emirates
  4. Abu Dhabi Securities Exchange
  5. International Holding Company PJSC
  6. News
  7. Summary
    IHC   AEI000201014

INTERNATIONAL HOLDING COMPANY PJSC

(IHC)
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

International Holding to Look for Acquisitions

08/24/2021 | 01:08am EDT

International Holding Company PJSC (ADX:IHC) will look for acquisitions. The company is considering acquisitions worth a few billion dollars in total across several sectors, including a real estate developer in Abu Dhabi, its Chief Executive Officer Syed Basar Shueb told Reuters. IHC, now the most valuable company on the Abu Dhabi bourse with a market capitalisation of $72 billion, is also considering a 2022 initial public offering (IPO) for its majority-owned healthcare firm Pure Health, Shueb said in an interview. Pure Health has played a pivotal role in screening for COVID-19 infections in the United Arab Emirates. Shueb also said the tightly held conglomerate, active in sectors from food to leisure, is close to acquiring a second-tier Abu Dhabi property developer, which would add to its indirect minority stake in Aldar Properties. He didn’t identify any targets, nor specify how much the real estate deal might be worth. “All the sectors across the nine verticals we are operating (in), we are looking for an acquisition,” Shueb said. “There are a few billion dollars of acquisitions we are looking at” . IHC is also looking at three or four targets in the food sector, as well as eyeing targets in the healthcare and leisure and retail sectors, he said. Shueb said the new deals will be funded by bank loans for the first time, while next year the firm plans to issue debut bonds, which would help it secure a credit rating for more transparency. Shueb said IHC plans to list six companies this year in total, giving domestic investors more opportunities in the Abu Dhabi market. But he said there are no plans to pay dividends. Instead, the aim is for the growth of IHC’s operations and investment in its businesses to support a rise in the share price. “We acquire, restructure, consolidate in our businesses, with diversification and then divestment,” Shueb said.


© S&P Capital IQ 2021
All news about INTERNATIONAL HOLDING COMPANY PJSC
10/14International Holding to IPO Subsidiary Multiply This Year
CI
10/14ALPHA DHABI : Abu Dhabi's IHC to IPO subsidiary Multiply this year, CEO says
RE
10/07International Holding Company PJSC signed an agreement to acquire 41% stake in Nassar A..
CI
10/04Abu Dhabi Developmental Holding Company PJSC agreed to acquire 50% stake in Eltizam Ass..
CI
09/09ARAMEX : Exclusive-Dubai courier Aramex in talks to buy Turkey's MNG Kargo -sources
RE
08/24Exclusive-Abu Dhabi conglomerate IHC eyes deals worth 'a few billion dollars', CEO says
RE
08/24International Holding Company Plans IPO for Its Healthcare Firm
CI
08/24International Holding to Look for Acquisitions
CI
08/09International Holdings Company Pjsc Reports Earnings Results for the Second Quarter and..
CI
08/08International Holding Company PJSC acquired APEX National Investment Company.
CI
More news
Financials
Sales 2020 7 047 M 1 919 M 1 919 M
Net income 2020 2 869 M 781 M 781 M
Net cash 2020 3 365 M 916 M 916 M
P/E ratio 2020 26,7x
Yield 2020 -
Capitalization 268 B 72 893 M 72 901 M
EV / Sales 2019 8,30x
EV / Sales 2020 10,4x
Nbr of Employees -
Free-Float 18,3%
Chart INTERNATIONAL HOLDING COMPANY PJSC
Duration : Period :
International Holding Company PJSC Technical Analysis Chart | IHC | AEI000201014 | MarketScreener
Technical analysis trends INTERNATIONAL HOLDING COMPANY PJSC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Managers and Directors
Basar Shueb Chief Executive Officer, Executive Director & MD
Syed Basar Shueb Syed Shueb Chief Executive Officer & Director
Alwyn Dinesh Jhon Crasta Chief Financial Officer
Tahnoun bin Zayed bin Sultan Al-Nahyan Chairman
Mohammed Nasser Saif Howaiden Al-Samshi Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
INTERNATIONAL HOLDING COMPANY PJSC250.00%72 893
MOWI ASA21.99%14 320
SALMAR ASA20.61%8 487
LERØY SEAFOOD GROUP ASA24.67%5 344
THAI UNION GROUP PUBLIC COMPANY LIMITED50.74%2 858
AUSTEVOLL SEAFOOD ASA26.68%2 665