Announcement • Mar 27
International Holding Company PJSC (ADX:IHC) announces an Equity Buyback for AED 5,000 million worth of its shares. International Holding Company PJSC (ADX:IHC) announces a share repurchase program. Under the program, the company will repurchase up to AED 5,000 million worth of its shares. The purpose of the program is to enhance shareholder value through increased earnings per share. The program will be valid till March 30, 2027. Announcement • Feb 25
International Holding Company PJSC (ADX:IHC) executed a Share Purchase Agreement to acquire the remaining 17.36% stake in First Women Bank Ltd. from Government of Pakistan, United Bank Limited (KASE:UBL), Habib Bank Limited (KASE:HBL), Allied Bank Limited (KASE:ABL), National Bank of Pakistan (KASE:NBP), MCB Bank Limited (KASE:MCB) and others. International Holding Company PJSC (ADX:IHC) executed a Share Purchase Agreement to acquire the remaining 17.36% stake in First Women Bank Ltd. from Government of Pakistan, United Bank Limited (KASE:UBL), Habib Bank Limited (KASE:HBL), Allied Bank Limited (KASE:ABL), National Bank of Pakistan (KASE:NBP), MCB Bank Limited (KASE:MCB) and others on February 23, 2026. Upon completion, International Holding Company PJSC (ADX:IHC) will assume full ownership and control of First Women Bank Limited.
The transaction is approved by the Competition Commission of Pakistan. CCP's competition assessment noted that the target has a limited presence in the commercial banking market, while the acquirer does not have any existing operations in the relevant or related market. The transaction therefore constitutes a conglomerate merger and does not raise competition concerns. New Risk • Feb 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 91% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: د.إ8.88 (vs د.إ7.19 in FY 2024) Full year 2025 results: EPS: د.إ8.88 (up from د.إ7.19 in FY 2024). Revenue: د.إ111.4b (up 20% from FY 2024). Net income: د.إ19.4b (up 23% from FY 2024). Profit margin: 17% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • Nov 24
IHC Reportedly Expresses Interest to Buy Lukoil's Overseas Assets International Holding Company PJSC (ADX:IHC) has expressed interest in Russian oil group Lukoil's (MOEX: LKOH) overseas assets to the U.S. Treasury, Reuters reported, quoting IHC. The media have said Chevron Corp. (SPB: CVX) ExxonMobil (SPB: XOM), ADNOC and Carlyle Group are also interested in the assets. The United Kingdom imposed sanctions on Lukoil on October 15 as part of a major update to the Russian section of its sanctions list and set a deadline of November 29 for winding down all transactions with the company. The U.S. followed with sanctions of its own on October 22, issuing a license to wind down business with Lukoil by November 21. Shortly after this, Lukoil announced plans to sell its international assets. It later emerged that Lukoil had received and accepted an offer to buy its international arm, Lukoil International GmbH, from commodities trader Gunvor. The key terms of the deal were agreed by the parties, but they could not proceed because the U.S. Treasury Department said it would not issue Gunvor a license to do business while the conflict in Ukraine continued. In light of this, Gunvor withdrew its offer. Soon after, Lukoil said it was holding negotiations on the sale of its international assets with several potential buyers, and then the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) extended the deadline for completing transactions concerning the negotiation and entry into contracts for the sale of Lukoil International GmbH and related Lukoil assets until December 13. However, the execution of any such contract will be "expressly contingent upon the receipt of separate authorization from" OFAC, the agency said. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: د.إ2.14 (vs د.إ1.67 in 3Q 2024) Third quarter 2025 results: EPS: د.إ2.14 (up from د.إ1.67 in 3Q 2024). Revenue: د.إ29.9b (up 35% from 3Q 2024). Net income: د.إ4.67b (up 28% from 3Q 2024). Profit margin: 16% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Announcement • Oct 02
International Holding Co. Reportedly Set to Acquire Controlling Stake in Sammaan Capital International Holding Company PJSC (ADX: IHC) is set to acquire a controlling stake of 40-45% in Sammaan Capital Limited (NSEI:SAMMAANCAP), formerly Indiabulls Housing Finance, for around $1 billion, according to people aware of the matter. It's expected to launch an open offer to acquire an additional 26% from minority investors of the company, said sources. If the offer is fully successful, IHC may end up owning over 65% of the company that's had a chequered history-swinging between success and fortunes fading. The IHC offer is expected at INR 140-INR 145, taking into account the recent spurt in the share price in anticipation of a transaction. Jefferies and Citi are advising Sammaan Capital. New Risk • Aug 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: د.إ1.82 (vs د.إ1.06 in 2Q 2024) Second quarter 2025 results: EPS: د.إ1.82 (up from د.إ1.06 in 2Q 2024). Revenue: د.إ27.5b (up 23% from 2Q 2024). Net income: د.إ3.98b (up 72% from 2Q 2024). Profit margin: 14% (up from 10% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Announcement • Jul 30
International Holding Company PJSC to Report Q2, 2025 Results on Aug 04, 2025 International Holding Company PJSC announced that they will report Q2, 2025 results on Aug 04, 2025 Announcement • Jul 16
International Holding Company PJSC (ADX:IHC) acquired Zelo. International Holding Company PJSC (ADX:IHC) acquired Zelo on July 15, 2025.
International Holding Company PJSC (ADX:IHC) completed the acquisition of Zelo on July 15, 2025. Announcement • May 22
IHC Launches UAE-Built Global Marketplace for AI to Accelerate Access to Advanced Intelligence IHC has announced the launch of a pioneering marketplace for artificial intelligence solutions, powered by the first ever Emirati AI Marketplace Agent 'SAIF', that is expected to reshape how AI is built, sourced, and deployed globally. SAIF has been designed as a user-friendly interface to help UAE and global developers to access and directly purchase Graphics Processing Units (GPUs), AI modules, and custom AI stack designs. SAIF speaks over 5,000 languages, can be accessed on mobile and PC, and is accessible through voice, text or video call. He has been created to embody UAE values of trust, hospitality, speed and precision. Conceived, engineered, and developed in the United Arab Emirates, this marketplace is built in the UAE but designed for the world. It will serve as a transformative AI marketplace that empowers global developers to access, build, and deploy intelligent solutions seamlessly. As a catalyst for a new era in intelligent infrastructure, it reflects the UAE's and IHC's shared commitment to shaping a globally connected digital future. Currently, many developers are unable to access cutting edge AI computing chips, or GPUs, and Large Language Models (LLMs) because of the bulk scale of purchase required from providers. Using IHC's scale, the new initiative will help developers to procure the technology they need directly through the new marketplace. Built with a vision to expand access to computational power and AI modules, the marketplace is designed to empower developers, companies, governments, and non-profit institutions to unlock the full potential of artificial intelligence. It will bridge the growing gap between demand for intelligent solutions and the complexity of sourcing and deploying them efficiently. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: د.إ0.67 (vs د.إ2.17 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.67 (down from د.إ2.17 in 1Q 2024). Revenue: د.إ27.2b (up 41% from 1Q 2024). Net income: د.إ1.47b (down 69% from 1Q 2024). Profit margin: 5.4% (down from 25% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Announcement • Feb 27
International Holding Company PJSC, Annual General Meeting, Mar 24, 2025 International Holding Company PJSC, Annual General Meeting, Mar 24, 2025, at 15:30 Arabian Standard Time. Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: د.إ7.19 (vs د.إ12.55 in FY 2023) Full year 2024 results: EPS: د.إ7.19 (down from د.إ12.55 in FY 2023). Revenue: د.إ92.7b (up 54% from FY 2023). Net income: د.إ15.8b (down 43% from FY 2023). Profit margin: 17% (down from 46% in FY 2023). Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: د.إ1.67 (vs د.إ1.89 in 3Q 2023) Third quarter 2024 results: EPS: د.إ1.67 (down from د.إ1.89 in 3Q 2023). Revenue: د.إ22.2b (up 57% from 3Q 2023). Net income: د.إ3.66b (down 12% from 3Q 2023). Profit margin: 17% (down from 29% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 39% per year. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: د.إ1.06 (vs د.إ2.08 in 2Q 2023) Second quarter 2024 results: EPS: د.إ1.06 (down from د.إ2.08 in 2Q 2023). Revenue: د.إ22.5b (up 74% from 2Q 2023). Net income: د.إ2.32b (down 49% from 2Q 2023). Profit margin: 10% (down from 35% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • May 09
International Holding Company PJSC (ADX:IHC) announces an Equity Buyback for AED 5,000 million worth of its shares. International Holding Company PJSC (ADX:IHC) announces a share repurchase program. Under the program, the company will repurchase up to AED 5,000 million worth of its shares. The purpose of the program is to enhance shareholder value through increased earnings per share. The program will be valid for a year. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: د.إ2.17 (vs د.إ1.19 in 1Q 2023) First quarter 2024 results: EPS: د.إ2.17 (up from د.إ1.19 in 1Q 2023). Revenue: د.إ19.3b (up 23% from 1Q 2023). Net income: د.إ4.76b (up 82% from 1Q 2023). Profit margin: 25% (up from 17% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 29
International Holding Company PJSC, Annual General Meeting, Mar 25, 2024 International Holding Company PJSC, Annual General Meeting, Mar 25, 2024, at 11:30 Coordinated Universal Time. New Risk • Feb 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: د.إ12.55 (vs د.إ6.81 in FY 2022) Full year 2023 results: EPS: د.إ12.55 (up from د.إ6.81 in FY 2022). Revenue: د.إ60.1b (up 18% from FY 2022). Net income: د.إ27.5b (up 118% from FY 2022). Profit margin: 46% (up from 25% in FY 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 09
International Holding Company PJSC Announces Appointment of Zayed Bin Hamdan Bin Zayed as Chairman of 2Pointzero 2PointZero, a subsidiary of International Holding Company (IHC), has announced the appointment of H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan as Chairman of 2PointZero and Mariam bint Mohammed Almheiri as CEO. This leadership team is set to steer 2PointZero towards a future of transformative global impact and progress. With his distinguished leadership background, Zayed bin Hamdan's ambitions align with 2PointZero's vision for delivering pioneering advancements across multiple sectors. He has shown a keen interest in the integration of AI in media, as evidenced by his involvement in discussions about AI digital assistant 'Souhaila' and the future of AI in media. Taking the helm as CEO is Mariam Almheiri, an esteemed Emirati with a notable career in environmental and sustainability issues. Almheiri has served as Minister of Climate Change and Environment and has been instrumental in leading the UAE's climate targets and 2050 Net Zero Strategic Initiative. Almheiri's educational background in mechanical engineering and her previous roles make her an ideal leader for 2PointZero's commitment to innovation and sustainability. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: د.إ1.89 (vs د.إ3.52 in 3Q 2022) Third quarter 2023 results: EPS: د.إ1.89 (down from د.إ3.52 in 3Q 2022). Revenue: د.إ14.2b (up 14% from 3Q 2022). Net income: د.إ4.14b (down 36% from 3Q 2022). Profit margin: 29% (down from 52% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
International Holding Company PJSC (ADX:IHC) acquired a 15.52% stake in Presight AI Holding PLC (ADX:PRESIGHT) for AED 1.2 billion. International Holding Company PJSC (ADX:IHC) acquired a 15.52% stake in Presight AI Holding PLC (ADX:PRESIGHT) for AED 1.2 billion during the period ended September 30, 2023. International Holding Company PJSC (ADX:IHC) completed the acquisition of a 15.52% stake in Presight AI Holding PLC (ADX:PRESIGHT) during the period ended September 30, 2023. Announcement • Aug 05
International Holding Company PJSC (ADX:IHC) acquired 45% stake in Anina Food Technology for AED 36.8 million. International Holding Company PJSC (ADX:IHC) acquired 45% stake in Anina Food Technology for AED 36.8 million During the six-months period ended June 30, 2023.
International Holding Company PJSC (ADX:IHC) completed the acquisition of 45% stake in Anina Food Technology During the six-months period ended June 30, 2023. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: د.إ2.08 (vs د.إ1.54 in 2Q 2022) Second quarter 2023 results: EPS: د.إ2.08 (up from د.إ1.54 in 2Q 2022). Revenue: د.إ12.9b (up 13% from 2Q 2022). Net income: د.إ4.57b (up 63% from 2Q 2022). Profit margin: 35% (up from 25% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 06
Aldar Estates signed a definitive agreement to acquire Eltizam Asset Management LLC from International Holding Company PJSC (ADX:IHC) and Abu Dhabi National Exhibitions Company PJSC. Aldar Estates signed a definitive agreement to acquire Eltizam Asset Management LLC from International Holding Company PJSC (ADX:IHC) and Abu Dhabi National Exhibitions Company PJSC on July 4, 2023. Resultantly, IHC Real Estate Holding LLC to get shares in the merged entity where Aldar to hold majority stake. The Company is currently completing all required procedures and obtaining all necessary regulatory approvals to implement the signed transaction. Reported Earnings • May 15
First quarter 2023 earnings released: EPS: د.إ1.19 (vs د.إ0.88 in 1Q 2022) First quarter 2023 results: EPS: د.إ1.19 (up from د.إ0.88 in 1Q 2022). Revenue: د.إ15.7b (up 50% from 1Q 2022). Net income: د.إ2.61b (up 63% from 1Q 2022). Profit margin: 17% (up from 15% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
International Holding Company PJSC to Report Q1, 2023 Results on May 11, 2023 International Holding Company PJSC announced that they will report Q1, 2023 results at 2:00 PM, Arabian Standard Time on May 11, 2023 Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Sheikh bin Zayed Al Nahyan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: د.إ6.81 (vs د.إ4.03 in FY 2021) Full year 2022 results: EPS: د.إ6.81 (up from د.إ4.03 in FY 2021). Revenue: د.إ50.9b (up 78% from FY 2021). Net income: د.إ12.7b (up 72% from FY 2021). Profit margin: 25% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 208% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
International Holding Company PJSC (ADX:IHC) acquired a 55% majority stake in Reach Employment Services LLC for AED 320 million. International Holding Company PJSC (ADX:IHC) acquired a 55% majority stake in Reach Employment Services LLC for AED 320 million on February 1, 2023. During 2022, Reach Employment Services LLC reported revenue of AED 860 million and a profit of AED 67.5 million.
International Holding Company PJSC (ADX:IHC) completed the acquisition of a 55% majority stake in Reach Employment Services LLC on February 1, 2023. Announcement • Nov 25
IHC May Sell 20% of Its Technology Unit in IPO International Holding Company PJSC (ADX:IHC) plans to sell 20% of its technology unit in an initial public offering in 2023, its CEO told Reuters, adding that the company is aiming for a first quarter IPO of Pure Health to raise more than $1 billion. IHC, the UAE's largest publicly traded company worth more than $200 billion, has been on a consolidation and acquisition drive. This has led to two IHC subsidiaries rounding out the three biggest companies on the Abu Dhabi Securities Exchange (ADX). Asked about plans for International Technology Holding (ITH), Chief Executive Officer Syed Basar Shueb said IHC will likely list 20% of it in the third quarter and is in talks with local firms about possible acquisitions by the group born out of IHC's IT sector holdings. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, MD & Director Syed Shueb is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: د.إ3.52 (vs د.إ1.16 in 3Q 2021) Third quarter 2022 results: EPS: د.إ3.52 (up from د.إ1.16 in 3Q 2021). Revenue: د.إ12.4b (up 48% from 3Q 2021). Net income: د.إ6.42b (up 205% from 3Q 2021). Profit margin: 52% (up from 25% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 326% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
International Holding Company PJSC to Report Q3, 2022 Results on Nov 08, 2022 International Holding Company PJSC announced that they will report Q3, 2022 results on Nov 08, 2022 Announcement • Oct 19
International Holding Company PJSC, Annual General Meeting, Nov 09, 2022 International Holding Company PJSC, Annual General Meeting, Nov 09, 2022, at 12:00 Coordinated Universal Time. Agenda: To consider entry of Infinity Wave Holding LLC ("Infinity") as a strategic shareholder in the Company; to consider approval of the Company's acquisition of Infinity's shares in Alpha Dhabi Holding PJSC, General Assembly of the Company; to consider Increasing the Company's share capital; to consider and amend Article 7 of the Company's articles of association; to consider and approve the proposed amendments to the Company's' Articles of Association; and to consider authorizing the Company's Board. Announcement • Oct 06
Multiply Group PJSC (ADX:MULTIPLY) acquired 80% stake in International Energy Holding from International Holding Company PJSC (ADX:IHC). Multiply Group PJSC (ADX:MULTIPLY) acquired 80% stake in International Energy Holding from International Holding Company PJSC (ADX:IHC) on October 4, 2022.Multiply Group PJSC (ADX:MULTIPLY) completed the acquisition of 80% stake in International Energy Holding from International Holding Company PJSC (ADX:IHC) on October 4, 2022. Announcement • Sep 20
International Holding Company PJSC (ADX:IHC) acquired 15% stake in Burjeel Holdings. International Holding Company PJSC (ADX:IHC) acquired 15% stake in Burjeel Holdings on September 19, 2022.
International Holding Company PJSC (ADX:IHC) completed the acquisition of 15% stake in Burjeel Holdings on September 19, 2022. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: د.إ1.54 (vs د.إ0.71 in 2Q 2021) Second quarter 2022 results: EPS: د.إ1.54 (up from د.إ0.71 in 2Q 2021). Revenue: د.إ11.4b (up 50% from 2Q 2021). Net income: د.إ2.81b (up 118% from 2Q 2021). Profit margin: 25% (up from 17% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has increased by 417% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 17% share price gain to د.إ286, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 58x in the Industrials industry in United Arab Emirates. Total returns to shareholders of 204% over the past year. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: د.إ0.88 (vs د.إ0.73 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.88 (up from د.إ0.73 in 1Q 2021). Revenue: د.إ10.5b (up 361% from 1Q 2021). Net income: د.إ1.60b (up 20% from 1Q 2021). Profit margin: 15% (down from 59% in 1Q 2021). Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO, MD & Director Syed Shueb is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO, MD & Director Syed Shueb is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: د.إ4.03 (vs د.إ1.58 in FY 2020) Full year 2021 results: EPS: د.إ4.03 (up from د.إ1.58 in FY 2020). Revenue: د.إ28.6b (up 305% from FY 2020). Net income: د.إ7.34b (up 156% from FY 2020). Profit margin: 26% (down from 41% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 20% share price gain to د.إ185, the stock trades at a trailing P/E ratio of 57.3x. Average trailing P/E is 31x in the Food industry in United Arab Emirates. Total returns to shareholders of 298% over the past year. Announcement • Dec 22
Al Qudra Holding PJSC (ADX:ALQUDRA) completed the acquisition of Al Tamouh Investments LLC from International Holding Company PJSC (ADX:IHC). Al Qudra Holding PJSC (ADX:ALQUDRA) agreed to acquire Al Tamouh Investments LLC from International Holding Company PJSC (ADX:IHC) on December 5, 2021. As per terms of transaction, Consideration will be paid in the unsecured mandatory convertible bonds worth AED 2.244 billion, which will be converted into issued share capital of AI Qudra. Transaction is subject to regulatory approval. Transaction is subject to shareholder approval of Al Qudra Holding PJSC. As of December 13, 2021, International Holdings Company has formally approved the merger of its subsidiary Al Tamouh Investments with Al Qudra Holding.
Al Qudra Holding PJSC (ADX:ALQUDRA) completed the acquisition of Al Tamouh Investments LLC from International Holding Company PJSC (ADX:IHC) on December 20, 2021. Announcement • Dec 07
Al Qudra Holding PJSC (ADX:ALQUDRA) agreed to acquire Al Tamouh Investments LLC from International Holding Company PJSC (ADX:IHC). Al Qudra Holding PJSC (ADX:ALQUDRA) agreed to acquire Al Tamouh Investments LLC from International Holding Company PJSC (ADX:IHC) on December 5, 2021. As per terms of transaction, Consideration will in the for om unsecured mandatory convertible bonds, which will be converted into issued share capital of AI Qudra. Transaction is subject to regulatory approval. Transaction is subject to shareholder approval of Al Qudra Holding PJSC. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS د.إ1.16 (vs د.إ0.51 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: د.إ8.39b (up 290% from 3Q 2020). Net income: د.إ2.11b (up 126% from 3Q 2020). Profit margin: 25% (down from 43% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS د.إ0.71 (vs د.إ0.37 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: د.إ7.65b (up 339% from 2Q 2020). Net income: د.إ1.29b (up 92% from 2Q 2020). Profit margin: 17% (down from 38% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • Aug 09
International Holding Company PJSC (ADX:IHC) acquired APEX National Investment Company. International Holding Company PJSC (ADX:IHC) acquired APEX National Investment Company on January 1, 2021.
International Holding Company PJSC (ADX:IHC) completed the acquisition of APEX National Investment Company on January 1, 2021. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 19% share price gain to د.إ115, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 19x in the Food industry in Asia. Total returns to shareholders of 287% over the past year. Reported Earnings • May 08
First quarter 2021 earnings released: EPS د.إ0.73 (vs د.إ0.062 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: د.إ2.28b (up 219% from 1Q 2020). Net income: د.إ1.33b (up د.إ1.22b from 1Q 2020). Profit margin: 59% (up from 16% in 1Q 2020). The increase in margin was driven by higher revenue. Announcement • Apr 27
International Holding Company PJSC (ADX: IHC) acquired 40% stake in Response Plus Medical Services. International Holding Company PJSC (ADX: IHC) acquired 40% stake in Response Plus Medical Services on April 26, 2021.
International Holding Company PJSC (ADX: IHC) completed the acquisition of 40% stake in Response Plus Medical Services on April 26, 2021. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 23% share price gain to د.إ61.50, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 19x in the Food industry in Asia. Total returns to shareholders of 327% over the past year. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS د.إ1.58 (vs د.إ0.43 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: د.إ7.05b (up 460% from FY 2019). Net income: د.إ2.87b (up 468% from FY 2019). Profit margin: 41% (in line with FY 2019). Is New 90 Day High Low • Feb 18
New 90-day high: د.إ46.80 The company is up 18% from its price of د.إ39.80 on 19 November 2020. The Emirian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 14% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: د.إ46.04 The company is up 12% from its price of د.إ41.00 on 04 November 2020. The Emirian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 14% over the same period. Announcement • Jan 14
International Holdings Company PJSC (ADX:IHC) completed the acquisition of in Apex Alwataniah Catering LLC and R Med Medical Supplies LLC and Afkar Group of Companies LLC International Holdings Company PJSC (ADX:IHC) agreed to acquire stakes in Apex Alwataniah Catering LLC and R Med Medical Supplies LLC and Afkar Group of Companies LLC on August 10, 2020. International Holdings will acquire 60% of Apex Alwataniah, 52% of R Med Medical Supplies, and 60% of Afkar Group of Companies. The Board of International Holdings approved the transaction. During the period ending September 30, 2020, International Holdings acquired Apex Alwataniah Catering LLC and R Med Medical Supplies .
International Holdings Company PJSC (ADX:IHC) completed the acquisition of in Apex Alwataniah Catering LLC and R Med Medical Supplies LLC and Afkar Group of Companies LLC on January 12, 2021. International Holdings Company acquired Afkar Financial and Property Investment.. Is New 90 Day High Low • Jan 07
New 90-day high: د.إ42.14 The company is up 9.0% from its price of د.إ38.70 on 08 October 2020. The Emirian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: د.إ41.22 The company is up 9.0% from its price of د.إ37.76 on 22 September 2020. The Emirian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 2.0% over the same period. 
