IHC identifies Fount Trust as ultimate parent
Abu Dhabi’s International Holding Company has identified Fount Trust as its ultimate parent above Royal Group Holding LLC, formalising the ownership structure that followed an earlier restructuring. IHC said on Monday that the change affects the legal ownership chain but does not alter its ultimate beneficial ownership, operations, strategy or business activities. Royal Group continues to exist…
Abu Dhabi’s International Holding Company (IHC) has officially designated Fount Trust as its ultimate parent, clarifying the ownership structure that emerged from a previous restructuring. This development does not impact IHC's ultimate beneficial ownership, operations, strategy, or business activities. Royal Group Holding LLC maintains its status as the majority shareholder of Pal Group of Companies, which remains IHC's majority shareholder.
Fount Trust now sits above Royal Group as the top entity in the hierarchy. IHC's chief executive, Syed Basar Shueb, emphasized that the arrangement aims to create a resilient framework for long-term stewardship. The move aligns IHC's public ownership description with its financial statements, which have already identified Fount Trust as the ultimate parent.
The restructuring seeks to ensure continuity of ownership across generations while preserving the ultimate beneficial owner. IHC remains subject to Abu Dhabi Securities Exchange regulations and is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's National Security Adviser. The company's expansion in various sectors, including technology, infrastructure, and healthcare, continues, with revenue reaching Dh64.9 billion in the first half of 2026, up 34.5% year-over-year.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
