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

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
FILE PHOTO: An Emirati man wears a protective mask as he walks past buildings in Abu Dhabi, United Arab Emirates September 1, 2020. REUTERS/Nir Elias/Pool/File Photo
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