International Holding Company (IHC) has announced its audited financial results for 2024, revealing a 54.2% surge in revenue to Dh92.7 billion, up from Dh60.1 billion in 2023.
The growth was primarily driven by robust performances in the real estate and construction, marine and dredging, and hospitality and leisure sectors. Strategic acquisitions, project expansions, and operational efficiencies contributed to these results. Financial Services and Technology sectors also played a role, capitalising on market trends and digital advancements. IHC maintained a disciplined approach by divesting non-core assets and reinvesting in high-potential sectors to bolster financial resilience.
Total assets increased by 52% to Dh401.8 billion as of December 2024, reflecting strategic portfolio expansion and disciplined asset management. The net profit after tax was Dh25.7 billion, with earnings per share adjusted to Dh7.2, which aligned with the company’s focus on value-accretive investments to enhance future shareholder returns.
In January 2025, IHC participated in the World Economic Forum in Davos for the first time, leading a delegation of key subsidiaries. This platform facilitated engagement with global leaders, fostering discussions on transformative solutions and strategic partnerships.
Looking ahead, IHC plans to leverage its financial strength to drive further expansion, innovate across its verticals, and explore new global investment opportunities, positioning itself as a leader in economic diversification and long-term value creation for shareholders.
