Abu Dhabi's IHC more than doubles net profit in first nine months of 2026

Abu Dhabi's International Holding Company (IHC) more than doubled its net profit in the first nine months of 2026, reaching nearly Dh21.2 billion ($5.77 billion), according to a filing to the Abu Dhabi Securities Exchange. Investment income surged by nearly 215 per cent, accounting for Dh24.2 billion of the total revenue of Dh100.5 billion.

Revenue grew by more than a third, with real estate and construction contributing over Dh33.4 billion each. The marine and dredging segment added Dh22.4 billion, while energy and mining saw a nearly fourfold increase to Dh19.3 billion. Financial services, food, and technology also experienced growth, totaling Dh10.3 billion. Seven out of IHC's eight business segments posted double-digit revenue growth.

The company's net profit for the third quarter declined by about 30 per cent to Dh3.25 billion, while revenue climbed by nearly 31 per cent to Dh35.6 billion. CEO Syed Shueb attributed the revenue growth to the expanding scale of IHC's operating businesses and its international investment platform. The company has grown rapidly through acquisitions and expanding its portfolio in the UAE and overseas, with a market capitalization of over Dh722 billion and more than 1,300 subsidiaries in various sectors.

IHC's total assets reached Dh484.5 billion by the end of September, and its shares settled 2 per cent higher at Dh329.20 on Thursday. IHC is also expanding its international presence, as evidenced by its agreement with India's Adani Group to invest in Odisha and its plans to acquire an 80 per cent stake in Marlan Holding for space sector expansion.