Trading follows the conclusion of ADC’s public subscription to retail and professional investors, which started on 12 May 2022 and raised a total of AED 367 million through an IPO of 36.7 million shares
Syed Basar Shueb
Latest in Syed Basar Shueb
Abu Dhabi
UAE’s first special purpose acquisition company to open IPO subscription period on 12 May
The company aims to raise $99 million (AED 367 million) through its IPO listing. ADC will float 36.7 million shares on ADX with an offer price of AED 10 per share.
Abu Dhabi
Abu Dhabi’s IHC invests $2 billion as primary capital in Indian conglomerate Adani Group’s green portfolio
IHC will invest $500 million each in AGEL and ATL, as well as an additional $1 billion in AEL, which are market leaders in their sectors and make up the Adani Group’s green portfolio
Arena Events Group
Abu Dhabi’s IHC buys majority stake in global event structures major
International Holding Company announces acquisition of 70% stake in Arena Events Group
Abu Dhabi
Abu Dhabi’s IHC continues acquisition spree with Al Qudra deal
International Holding Company announces the acquisition of a majority and controlling stake in Al Qudra Holding
Abu Dhabi
Abu Dhabi’s IHC agrees merger of Al Tamouh Investments and Al Qudra Holding
IHC CEO says transaction brings together two significant investment companies in Abu Dhabi
Abu Dhabi economy
Abu Dhabi giant IHC sees net profit soar by 436% on back of acquisitions
International Holding Company also registers revenue growth of 304% to AED9.93bn in H1
Abu Dhabi Securities Exchange
IHC subsidiary plans IPO after Aldar Properties investment deal
Alpha Dhabi Holding, which acquired 12.5% Aldar stake in March, plans to list shares on Abu Dhabi Securities Exchange on Sunday
Abu Dhabi Securities Exchange
Abu Dhabi’s IHC says to list three subsidiaries on local bourse in Q2
Three subsidiaries of International Holding Company will be listed on Abu Dhabi Securities Exchange’s second market
Afkar Financial and Property Investments
Abu Dhabi-based IHC reports $408 million net profit in first quarter of 2021
Revenues in the first quarter 2021 were AED2.276 billion, up from AED1.563 billion in Q1 2020
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Aldar
Abu Dhabi’s IHC takes 40% stake in UAE healthcare company RPM
RPM is the UAE’s largest provider of on-site healthcare management, prehospital care (both offshore and onshore) medivac, medical care in events and medical emergency transfers from remote sites