{
}
UAE-based investment platform 2PointZero plans to list on the Abu Dhabi Securities Exchange by the end of 2025, as announced by CEO Mariam bint Mohammed Almheiri. Established in 2024 by the International Holding Company, it manages assets exceeding Dh100 billion ($27.23 billion) and targets growth in Asia, Latin America, and Africa.Notably, its subsidiary, International Resources Holding, acquired a 51% stake in Zambia’s Mopani Copper Mines for $1.1 billion in March 2024. The company’s diverse portfolio includes alternative asset manager Lunate and Egyptian financial services firm Beltone, as IHC expands its global investment footprint.
International Holding Company (IHC) reported a 54.2% revenue increase to Dh92.7 billion for 2024, driven by strong performances in real estate, construction, and hospitality. Total assets rose by 52% to Dh401.8 billion, with a net profit of Dh25.7 billion, as IHC focuses on strategic investments and global expansion. In January 2025, IHC participated in the World Economic Forum in Davos, aiming to enhance its role in economic diversification and shareholder value creation.
Gulf markets are experiencing mixed reactions to the US Federal Reserve's potential slowdown in interest rate cuts, impacting stocks tied to the US dollar. Dubai's index fell 0.6%, with significant losses in utilities and industrials, while Abu Dhabi also dropped 0.6%, despite optimism from Lulu Retail's IPO. Conversely, Qatar rose 0.4% and Saudi Arabia nudged up 0.2%, supported by positive developments in the energy sector.
International Holding Company PJSC
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
2PointZero plans Abu Dhabi IPO by 2025 with global investment strategy
06:25 27.02.2025
IHC reports 54 percent revenue growth and expands global investment strategy
06:57 25.02.2025
gulf markets react to fed interest rate changes amid mixed performance
United States Dollar
Saudi Aramco Base Oil Company - Luberef
Alpha Dhabi Holding PJSC
Banan Real Estate Company
Gulf Navigation Holding PJSC
SINOPEC CORP
Qatar National Bank (Q.P.S.C.)
Barwa Real Estate Company Q.P.S.C.
Lulu Retail Holdings plc
International Holding Company PJSC
SAU
ARE
QAT
Show more
15:05 18.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Stock Market Updates
Government Economic Policies
Industry Mergers & Acquisitions
Energy Sector Developments
Workplace Trends
Funding Rounds & Investments
CEO Changes
AI Applications
Private Equity Deals
Emerging Startups
Fintech Startups
AI Innovations
Global Financial Events
Central Bank Actions
Countries:
Companies:
Apple Inc.
Google Inc.
Tesla, Inc.
Amazon.com, Inc.
Microsoft Corporation
Tesmec S.p.A.
Alphabet Inc.
OpenAI ERC USD
Walmart Inc.
SWIGGY LIMITED
TENCENT
NVIDIA Corporation
Foxconn Technology Co., Ltd.
Hollywood Bowl Group PLC
NASDAQ Composite
Wise plc
Mastercard Inc
Bose Corporation
Mistral 1
Fast Retailing Co., Ltd.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
British Pound Sterling
United Arab Emirates Dirham
Vietnamese Đồng
South Korean Won
New Zealand Dollar
Saudi Riyal
Thai Baht
Australian Dollar
Indonesian Rupiah
Singapore Dollar
Omani Rial
Bahraini Dinar
Qatari Riyal
Algerian Dinar
Egyptian Pound
People: