International Holding Company (IHC), a prominent Abu Dhabi conglomerate, reported a significant increase in net profit for the first quarter of 2026, nearly doubling compared to the previous year.
IHC attributed this performance to revenue growth, enhanced margins, and strong contributions across all diversified sectors.
Net earnings increased by 98% YoY to Dh 8.8B ($2.2B), while revenues reached Dh 31B: a 33% increase from the previous year.
Energy and mining sectors played a pivotal role in this performance. Hospitality and leisure segment saw its contribution double relative to the same period last year.
Diversification of Portfolio
Last year, IHC divested its entire stake in Modon Holding to avoid “over-concentration” of its portfolio.
IHC sold its 42.54% stake in Modon, a wholly owned real estate and infrastructure development company of the Abu Dhabi government, to L’imad Holding: a major investment vehicle launched last year.
Overhead Costs
Despite the strong financial growth, operational costs also witnessed an uptick, with selling, general and administrative expenses climbing by 69% YoY to Dh 3.4B.
By the end of March, AUM rose to Dh 445B, up from Dh 429B at the end of 2025, with cash and bank balances reported at Dh 75B.
IHC is led by HH Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser, and brother of President Sheikh Mohammed bin Zayed Al Nahyan. Subsidiaries listed on the ADX include notable names such as Alpha Dhabi, Emirates Stallions Group, and Al Seer Marine.
IHC shares closed at Dh 391.9, marking a decline of 0.7%, with a total decrease of 2% this year on Wednesday.
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