IHC Achieves Significant Financial Growth In 2024, Strengthening Its Global Investment Position

IHC, a global investment firm, has reported its audited financial results for 2024. Revenue increased to AED 92.7 billion, marking a 54.2% rise from AED 60.1 billion in 2023. The company also saw a 49.1% growth in operational profit, showcasing its strong financial performance.

H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of IHC, stated: "IHC’s strong performance in 2024 underscores our commitment to active portfolio management, leveraging AI-driven efficiencies, and reinvesting in high-growth industries. 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."

The company's total assets reached AED 401.8 billion by the end of December 2023, reflecting a 52% increase. This growth was driven by strategic acquisitions and expansions across core business areas such as Real Estate and Construction, Marine and Dredging, and Hospitality and Leisure.

Net profit after tax was AED 25.7 billion as resources were directed towards impactful initiatives and subsidiary scaling. Earnings Per Share (EPS) adjusted to AED 7.2 aligns with IHC's strategy for ongoing value-accretive investments aimed at boosting shareholder returns.

Syed Basar Shueb, CEO of IHC, remarked: "2024 has been a transformational year for IHC, reflecting our relentless pursuit of excellence and strategic vision. Last year, we focused on enhancing our portfolio by prioritizing 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."

IHC's disciplined approach involved divesting non-core assets while reinvesting in sectors with high potential to bolster financial resilience. Financial Services and Technology divisions also contributed significantly by capitalising on market trends and digital advancements.

Commitment to Economic Diversification

The company remains committed to using its financial strength for further expansion and innovation across its verticals while exploring new global investment opportunities. IHC aims to lead in economic diversification and long-term value creation for shareholders.

Total equity rose by 55.9% to AED 244.4 billion, reinforcing IHC’s financial foundation and enhancing its global investment presence.

Engagement at Global Platforms

IHC participated in the World Economic Forum in Davos for the first time in 2025 with key subsidiaries engaging with global leaders. This platform facilitated discussions on transformative solutions, strategic partnerships, and reinforced commitments to sustainable economic growth.

As the company enters 2025, it focuses on expanding its footprint by leveraging its robust balance sheet and investing in high-yield businesses aligned with its long-term growth strategy.

With inputs from WAM