International Holding Company PJSC (IHC) history, profile and corporate video
International Holding Company PJSC (IHC) is a publicly-listed holding company comprising of 100+ entities, with international operating segments and acquisitions in 9 primary business segments: Capital, Digital/IT & Communications, Real Estate & Construction, Food & Beverage, and Distribution, Agriculture, Industries, Utilities, Healthcare, and Leisure & Retail. It is headquartered in Abu Dhabi, United Arab Emirates.
HISTORY
International Holding Company PJSC (IHC) was formerly known as International Fish Farming Company (Asmak), founded in 1998.
In 2008, the International Fish Farming Company (Asmak) diversified its operations by acquiring three land parcels, totaling 19,246 sq mt.
In 2011, the Group acquired the Abu Dhabi Land (ADL) group through a share swap. Abu Dhabi Land (ADL) is a general construction business, in addition to designing and building services for landscape, irrigation, construction, maintenance and labor accommodation.
In 2013, the company diversified it business with an emphasis on model adding wholesale operations, brand ownership, and value-added products to the fishery business.
In 2016, Asmak expanded its food business by establishing a new animal feed business.
During 2017-2018, Asmak repositioned itself as a holding company for strategic investments, changing its name from International Fish Farming Company (Asmak) to International Holding Company (IHC). The company also expanded its newly-created animal feed business with the purchase of an additional factory in Spain.
During 2018-2019, International Holding Company (IHC) grew its numerous businesses through strategic acquisitions and diversification of its portfolio.
In 2020, IHC grew its portfolio to 97 companies and established 9 business segments, with a focus on Healthcare. That year, Palms Sports, Zee Stores and EasyLease were listed on ADX’s Second Market.
With more than 7,800 employees, International Holding Co. PJSC is considered one of the largest holding companies in the region. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and ihcuae.com.
**Video published on YouTube by “IHC UAE“.
