Reuters exclusively reports Abu Dhabi conglomerate IHC eyes deals worth ‘a few billion dollars’

by DailyBriefers
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Business & Finance

Chief executive of Abu Dhabi conglomerate International Holding Co (IHC), Syed Basar Shueb, told Reuters in an exclusive interview that the company is seeking deals worth a “few billion dollars” in several sectors. It is also considering an initial public offering next year for its majority-owned healthcare firm Pure Health, which has played a pivotal role in lab screening for COVID-19 infections in the United Arab Emirates, and aims to list six portfolio companies on the bourse this year. IHC is now the most valuable company on the Abu Dhabi bourse with a market capitalization of $72 billion.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Middle East

Countries: UAE

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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