Construction & Real Estate

Emirates Stallions net profit up 36pc; revenue hits $354m

Emirates Stallions Group, a subsidiary of Abu Dhabi group IHC with key interests in construction, investment and real estate, has delivered solid results for the first nine months with a 36% jump in its net profit, while its revenue soared to AED1.3 billion ($354 million), supported by continued advancement across ongoing development projects. ...

Construction & Real Estate

Emirates Stallions Group posts $208.77m revenue, 44pc net profit growth in H1

Emirates Stallions Group (ESG), a leading UAE-based diversified conglomerate operating across construction and real estate sectors, and subsidiary of IHC, today reported an 8% year-on-year increase in revenue to AED766.69 million ($208.77 million) for the first half, while net profit rose 44% to AED166.30 million....

Construction & Real Estate

Imkan signs up IHC unit to deliver financing across its contractor network

Imkan, a global master developer based in Abu Dhabi, has signed a strategic partnership with Zelo, a UAE-based private financing platform and unit of International Holding Company (IHC), to deliver embedded financing solutions to contractors and suppliers operating within its development ecosystem....

Construction & Real Estate

Emirates Stallions Group nets solid Q1 growth; revenue up 11pc

Emirates Stallions Group, a leading UAE conglomerate operating across construction and real estate sectors, has delivered double-digit growth across key financial indicators. Its revenue for the three-month period hit AED370 million ($100 million), while its net profit recorded a 29% growth. ...

Construction & Real Estate

RIQ, Masdar join forces to boost risk transfer for clean energy projects

RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of IHC, has signed an agreement with Abu Dhabi-based Masdar to design tailored capital efficient reinsurance solutions for renewable energy infrastructure....

Construction & Real Estate

IHC says no plans to sell stake in Aldar Properties

IHC, the Abu Dhabi headquartered global investment company focused on building dynamic value networks, on Thursday reaffirmed that it does not intend to pursue the sale of its shareholding in Aldar Properties....