International Holding Company, the UAE's most valuable listed company, posted Dh54.7 billion ($14.89 billion) worth of revenue and Dh10.8 billion in group net profit in the first half of 2025, driven by the "disciplined execution of strategic investments and a high performing second quarter".
This marks a 31.1 per cent rise in revenue from Dh41.7 billion in the corresponding period of 2024, the company said in a filing to the Abu Dhabi Securities Exchange, where its shares are traded.
The global investment company also posted a 55.3 per cent per cent jump in second-quarter net profit to Dh6.7 billion.
Key contributors to this term's top-line growth and margin expansion included real estate, marine and dredging, hospitality and leisure, along with financial services, the company said.
“Our first half results reflect the continued strength of IHC’s diversified model and the disciplined execution of our strategic investment agenda,” Syed Shueb, chief executive of IHC, said.
“By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets.”
The Abu Dhabi-headquartered conglomerate is a frontline company in the emirate's push to diversify its non-oil business sectors and has grown rapidly to become one of the most valuable listed holding companies in the broader Middle East and North Africa region.
IHC has been on an investment spree, buying businesses as well as acquiring fast-growing companies over the past few years in the UAE as well as in markets across continents.
IHC delivered multiple strategic initiatives across key sectors, including the launch of Gridora, a national infrastructure platform in partnership with Abu Dhabi’s state holding company ADQ and Modon for the development of new infrastructure projects in the UAE and markets around the globe.
Our first half results reflect the continued strength of IHC’s diversified model and the disciplined execution of our strategic investment agenda
Syed Shueb,
chief executive, IHC
It also unveiled RIQ, a $1 billion global reinsurance platform, developed in partnership with the world's biggest asset manager BlackRock and Lunate.
The company also established a new holding company 2PointZero with more than $27 billion in assets in January 2024. It also pioneered a UAE dirham-backed stablecoin in collaboration with ADQ and First Abu Dhabi Bank.
Real estate and construction contributed significantly to IHC's revenue, delivering Dh22.6 billion, up 47.8 per cent year on year. This was driven by the ongoing demand for inventory and the launch of new development projects, which contributed 41.4 per cent of total revenue, the company said.
Marine and dredging posted Dh14.1 billion in revenue, a 10.1 per cent annual increase, indicating greater project activity and international expansion, IHC said. Hospitality and leisure achieved a 72 per cent increase at Dh4.9 billion.
In May, IHC said that it aims to double its asset base to Dh800 billion and hit the Dh200 billion annual revenue mark by the end of the decade, driven by its acquisition spree, according to Mr Shueb.
The company, whose board is chaired by Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser, is keen to expand its portfolio of assets in the US, India and fast-growing economies in the Central Asian region.
It also unveiled a homegrown online market place for artificial intelligence that provides access to key AI hardware and software. The Saif platform – introduced at the Make it in the Emirates summit in Abu Dhabi – is being billed as the “first-ever Emirati AI marketplace agent” and allows local and overseas developers to directly buy graphics processing units, AI modules and AI stack designs to create large language models, IHC said.
Founded in 1999, IHC operates through more than 1,300 subsidiaries and aims to expand and diversify its holdings in sectors including asset management, health care, property and construction, marine and dredging, IT and communications, financial services, food production, utilities and services.
Some of the companies under its umbrella include Abu Dhabi's biggest listed developer Aldar Properties, Modon Properties, Adnec Group, Presight, Al Seer Marine and NMDC Group.
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The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Meg%202%3A%20The%20Trench
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Company Profile
Company name: OneOrder
Started: October 2021
Founders: Tamer Amer and Karim Maurice
Based: Cairo, Egypt
Industry: technology, logistics
Investors: A15 and self-funded
UAE currency: the story behind the money in your pockets
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
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Price: From Dh650,000
Results
6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m; Winner: Ghaiyyath, William Buick (jockey), Charlie Appleby (trainer).
7.05pm: Handicap $135,000 (T) 1,600m; Winner: Cliffs Of Capri, Tadhg O’Shea, Jamie Osborne.
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m; Winner: Down On Da Bayou, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m; Winner: Zakouski, James Doyle, Charlie Appleby.
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.
THE SPECS
Engine: 6.0-litre, twin-turbocharged W12
Transmission: eight-speed automatic
Power: 626bhp
Torque: 900Nm
Price: Dh1,050,000
On sale: now
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
