Abu Dhabi’s IHC to List Three of Its Units Starting Next Week - Bloomberg
The fourth biggest company by market capitalization in the United Arab Emirates will list three of its units on the stock exchange in its home market.
International Holdings Company PJSC, which has a value of about $20 billion, will list Palms Sports, Zee Stores and Ease Lease on the second market of the Abu Dhabi Securities Exchange next week, according to a statement Thursday.
IHC expanded its portfolio rapidly in the past few years through a flurry of mergers and acquisitions, currently holding majority stakes in companies ranging from real estate to utilities and health care to food services. Its shares have soared more than 550% in 2020. They were up 0.3% as of 13:12 p.m. in the UAE on Thursday.
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