International Holding Company Achieves Landmark Growth in 2024

Reinforcing Its position as a global investment powerhouse, Abu-Dhabi-based International Resources Holding (IHC) said that its revenue rose to $25.24 billion last year, thus reflecting a significant 54.2% increase compared with $16.36 billion in the previous year.

The company, which is listed on Abu Dhabi Securities Exchange (ADX), also said that the operational profit also grew 49.1% from last year. The total assets expanded to $109.39 billion, up 52%, supported by strategic investments and portfolio expansion and the net profit after tax reached $7 billion, reflecting a recalibration toward value-driven investments.

This financial growth was fuelled by strong performances in real estate & construction, marine & dredging, and hospitality & leisure, supported by strategic acquisitions, project expansions, and operational efficiencies.

Financial services and technology also contributed, leveraging market trends and digital advancements. IHC maintained a disciplined approach, divesting from non-core assets and reinvesting in high-potential sectors to strengthen financial resilience.

Similarly, Earnings Per Share (EPS) was recalibrated to $1.96, aligning with the strategy to focus on ongoing value-accretive investments in 2024, which are expected to drive enhanced shareholder returns in the future. Total equity also climbed by 55.9% to $66.54 billion, strengthening IHC’s financial foundation and enhancing its global investment footprint.

IHC Chairman Sheikh Tahnoon bin Zayed Al Nahyan said that the company’s strong performance in 2024 underscored their commitment to active portfolio management, leveraging AI-driven efficiencies, and reinvesting in high-growth industries.

He also said: “By strategically divesting from mature assets and replenishing our portfolio with innovative investments, we continue to reinforce our position as a global investment powerhouse, building dynamic value networks that transcend traditional sector boundaries to unlock greater opportunities.”

IHC CEO Syed Basar Shueb said that 2024 has been a transformational year for the company, reflecting their relentless pursuit of excellence and strategic vision. IHC focused on enhancing their portfolio by prioritising high-value investments that generate strong cash flows and reinforce our financial resilience.

“Our ability to drive substantial growth across all verticals, backed by disciplined financial management and a forward-thinking approach, has cemented our position as a global leader. As we enter 2025, we remain focused on expanding our footprint, leveraging our strong balance sheet, and investing in high-yield businesses that align with our long-term growth strategy,” he added.

Looking ahead, IHC remains committed to leveraging its financial strength to drive further expansion, innovate across its verticals, and explore new investment frontiers globally. The company continues to position itself as a leader in economic diversification and long-term value creation for its shareholders.

IHC Group Highlights

NMDC Energy, Abu Dhabi’s leading EPC contractor, successfully debuted on the ADX, achieving an oversubscription of 31.3 times.

IHC also launched its $1.36 billion share buyback programme, beginning with an initial tranche of $490 million, representing 36% of the total program.

The company has acquired a 51% stake in Mopani Copper Mines, one of the largest copper and cobalt producers in Zambia. It has also acquired a 14.83% stake in Grupo Nutresa, strengthening its presence in the Latin American food-processing industry.

Enersol, a joint venture between Alpha Dhabi Holding, a subsidiary of IHC, and ADNOC Drilling, has agreed to acquire an additional 42.2% equity stake in Gordon Technologies, becoming the majority equity shareholder.

Modon Holding, another subsidiary of IHC, combined with ADNEC, La Zagaleta, MIZA Investments, and other assets created one of the UAE’s largest real estate entities. IHC launched 2PointZero, a transformative investment platform focused on emerging technologies and future-sustaining businesses. It brings together leading subsidiaries, including Chimera Investments, Lunate Capital, Beltone, Sagasse and International Resources Holding.