The results were primarily driven by IHC subsidiaries’ strong business performance; IHC’s total direct acquisitions crossed Dh13.3b in third quarter of 2022
Continued momentum in direct and indirect acquisitions were the main drivers behind the growth rate over the previous year's quarter, with IHC's total assets increasing to Dhs198.8bn
International Holding Company (IHC), one of the largest corporate investment holding firms in the Middle East and Africa, reported 236% surge in profit for the 9-month period to AED24 billion ($6.53 billion), compared to the same period last year.