International Holding Company (IHC) is a diversified conglomerate based in Abu Dhabi, United Arab Emirates, with a history spanning from its founding in 1998 to becoming one of the largest companies on the Abu Dhabi Securities Exchange (ADX). The timeline traces its growth through strategic acquisitions, leadership changes, and market expansions.
International Holding Company (IHC) is established as a private joint stock company in Abu Dhabi, initially focusing on investment activities.
IHC goes public on the Abu Dhabi Securities Exchange (ADX) with an initial market capitalization of approximately AED 1 billion, providing public investors access to its diversified portfolio.
Sheikh Tahnoun bin Zayed Al Nahyan becomes Chairman of IHC, initiating a strategic transformation that accelerates expansion and diversification.
IHC announces a new strategic vision to diversify into non-oil sectors including healthcare, food, and technology, reducing reliance on traditional investments.
IHC acquires a 70% stake in Emirates Driving Company, a leading driving school operator in Abu Dhabi, for AED 250 million.
IHC acquires a 51% stake in Al Wathba National Insurance Company, expanding its presence in the insurance sector.
IHC invests AED 100 million in Pure Harvest Smart Farms, a high-tech agriculture company, marking its entry into agritech.
IHC acquires a 60% stake in Abu Dhabi National Insurance Company (ADNIC), further consolidating its insurance portfolio.
IHC's market capitalization surpasses AED 150 billion for the first time, driven by rapid acquisition activity and investor confidence.
IHC acquires a 45% stake in ADNOC Drilling Company, one of the largest drilling contractors globally, for AED 5.4 billion.
IHC acquires a 60% stake in Abu Dhabi Aviation, a leading helicopter services provider, strengthening its aviation portfolio.
IHC establishes Multiply Group as a subsidiary focusing on digital transformation and technology investments, consolidating several digital assets.
IHC surpasses Emirates Telecommunications Group (Etisalat) to become the largest company on the Abu Dhabi Securities Exchange by market capitalization.
IHC reports a record net profit of AED 10.2 billion for fiscal year 2021, driven by strong performance across sectors.
IHC acquires a 50% stake in Abu Dhabi National Exhibition Centre (ADNEC) for AED 2 billion, expanding into events and tourism.
IHC acquires a 100% stake in Abu Dhabi National Hotels (ADNH) for AED 3.5 billion, adding hospitality assets.
IHC acquires a 60% stake in Apex National Investment, a diversified investment company with holdings in real estate and infrastructure.
IHC's market capitalization surpasses AED 200 billion, reflecting its aggressive expansion and investor demand.
IHC declares an interim cash dividend of AED 1.5 billion for the first half of 2022, rewarding shareholders amid strong earnings.
IHC increases its stake in ADNOC Drilling to 22.5% through a secondary market purchase, reinforcing its commitment to the energy sector.
IHC acquires a 100% stake in Al Sagr National Insurance Company, expanding its insurance portfolio further.
IHC launches IHC Capital, a new subsidiary focused on private equity and venture capital investments.
IHC's market capitalization hits AED 250 billion for the first time, making it one of the most valuable companies in the UAE.
IHC invests AED 5 billion in renewable energy projects in partnership with Masdar, committing to sustainability.
Moody's upgrades IHC's credit rating to Aa3 with a stable outlook, citing strong asset quality and diversified revenue streams.
IHC acquires a 40% stake in Etihad Airways, the national airline of the UAE, for AED 8 billion.
IHC acquires a 30% stake in ADNOC Distribution, a leading fuel retailer, for AED 6.5 billion.
IHC announces a merger with Multiply Group to streamline its technology and digital assets, creating a combined entity with AED 300 billion in assets.
IHC acquires a 60% stake in Saudi Arabian investment firm Al Jazira Capital, marking its expansion into the Kingdom.
IHC reports a record half-year net profit of AED 15 billion for the first six months of 2024, driven by strong operational performance.
IHC introduces a green bond framework to fund environmentally sustainable projects, aligning with UAE's net-zero goals.
IHC ends 2024 with a market capitalization of AED 350 billion, solidifying its position as the largest conglomerate on ADX.
IHC acquires a 51% stake in Abu Dhabi Ports Company (AD Ports) for AED 10 billion, expanding into logistics and maritime.
IHC acquires a 30% stake in Cleveland Clinic Abu Dhabi for AED 4 billion, diversifying into healthcare services.
IHC announces a corporate rebranding to IHC Global to reflect its international expansion and diversified holdings.
IHC's market capitalization surpasses AED 400 billion, driven by strategic acquisitions and investor confidence.
IHC establishes a $2 billion fund to invest in global technology startups focused on AI, blockchain, and fintech.
IHC completes the full acquisition of Al Jazira Capital for AED 5 billion, strengthening its Saudi presence.
IHC reports a record quarterly net profit of AED 8 billion in Q1 2026, driven by strong performance from its diverse subsidiaries.
IHC declares a special cash dividend of AED 5 billion to shareholders, reflecting exceptional cash reserves and profitability.
IHC acquires a 55% stake in Emirates Steel Group for AED 7 billion, expanding into industrial manufacturing.
IHC's total assets surpass AED 500 billion, marking a milestone in its growth from a small investment firm to a global conglomerate.