{
  "id": 178674,
  "title": "Abu Dhabi's IHC posts more than 200% jump in second quarter profit to $3.5bn",
  "url": "https://urgent.news/2026/08/05/abu-dhabis-ihc-posts-more-than-200-jump-in-second-quarter-profit-to-3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T15:01:41.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/markets/2026/08/05/abu-dhabis-ihc-posts-more-than-200-jump-in-second-quarter-profit-to-35bn/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Abu Dhabi’s International Holding Company (IHC) reported a staggering 220% jump in its second-quarter profit, reaching Dh3.5 billion ($3.5 billion). This surge in earnings can be attributed to a significant increase in energy and mining revenue, as well as the company's expansion of its global investment footprint. The overall revenue for the quarter rose by over a third year-on-year to Dh33.4 billion, while earnings per share more than tripled to Dh5.89. IHC's first-half 2026 results showed a 225% annual increase in net profit attributable to shareholders, reaching Dh17.9 billion, and revenue increased nearly 35% to Dh64.9 billion. The growth was primarily driven by IHC's energy and mining businesses, which saw a 355% year-on-year surge in revenue to Dh12.3 billion. The company's chief executive, Syed Basar Shueb, attributed the profit increase to a combination of operating performance, disciplined capital allocation, and active portfolio management.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}