IHC confirms Fount Trust as ultimate parent after ownership restructure

Abu Dhabi's International Holding Company (IHC) has confirmed Fount Trust as the ultimate parent company, following a recent ownership restructuring. This development comes as one of the Middle East's largest investment companies outlines its long-term ownership structure. Royal Group Holding LLC remains the majority shareholder of Pal Group of Companies, while Fount Trust now sits above Royal Group as the ultimate parent entity.

The restructure does not alter IHC's ultimate beneficial ownership, operations, strategy, or business activities. IHC's chairman, Sheikh Tahnoon bin Zayed, remains in his position. The move aims to establish a long-term ownership framework for the company, providing continuity across generations while maintaining the same ultimate control of IHC.

Syed Shueb, IHC's CEO, emphasized the importance of this framework in creating value over generations. IHC, which has grown rapidly through acquisitions and expanded its portfolio in the UAE and overseas, maintains a market capitalization of about Dh840 billion ($229 billion) and over 1,300 subsidiaries across various sectors. The ownership restructuring does not affect IHC's governance, which remains governed by its board and managed by its executive team.