IHC confirms Fount Trust as ultimate parent after ownership restructure

Abu Dhabi’s International Holding Company (IHC) has confirmed Fount Trust as its ultimate owner, following a restructuring of ownership, with Royal Group Holding LLC remaining as the majority shareholder of Pal Group. This change establishes Fount Trust as the ultimate parent above Royal Group, while ensuring that IHC's ultimate beneficial ownership, operations, strategy, and business activities remain unchanged.

IHC's chairman, Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser, remains in place. The move aims to provide a long-term ownership framework for the company, enabling continuity across generations without altering who ultimately controls the business. Syed Shueb, IHC's chief executive, emphasized the importance of creating value over generations, stating that the framework allows for patient investment, durable partnerships, and the development of capabilities over time.