International Holding Company (IHC), the Abu Dhabi-based conglomerate, has established Rorix Holdings, a global finance and trade facilitation firm focused on financial services, trade finance, advisory, commodities, and trade insurance sectors. The new entity aims to serve as a gateway through the UAE for local, regional, and global businesses to access new markets.
“As the UAE expands its market access through its Comprehensive Economic Partnership Agreement (CEPA) strategy, Rorix Holdingswill leverage the latest technologies and trade solutions to empower businesses of all sizes to thrive in the international marketplace,” explained Syed Basar Shueb, CEO of IHC. “Rorix Holdingswill also play a crucial role in realizing the UAE’s vision in facilitating seamless trade across borders and will serve as a crucial enabler for traders, service companies, entrepreneurs, and SMEs seeking new markets.”
Rorix Holdings is positioned to support the UAE’s economic diversification by offering comprehensive services that will drive trade volumes, attract foreign investment and foster economic partnerships, the company said in a statement. The initiative is set to enhance the UAE’s role in the global economy by engaging in strategic partnerships with UAE and international stakeholders across trading, financial services, commodities, logistics and distribution sectors.