{
  "id": 18326983,
  "title": "Abu Dhabi's IHC more than doubles net profit in first nine months of 2026",
  "url": "https://urgent.news/2026/11/05/abu-dhabis-ihc-more-than-doubles-net-profit-in-first-nine-months-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T15:23:02.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/markets/2026/11/05/abu-dhabis-ihc-more-than-doubles-net-profit-in-first-nine-months-of-2026/"
  },
  "original_language": "en",
  "account": "Abu Dhabi's International Holding Company (IHC) saw its net profit more than double in the first nine months of 2026, soaring 109 percent year-on-year to Dh21.2 billion ($5.77 billion), according to a filing with the Abu Dhabi Securities Exchange. Investment income surged 215 percent to Dh24.2 billion during the same period. Revenue grew by over a third to Dh100.5 billion, with real estate and construction contributing Dh33.4 billion. The marine and dredging segment added Dh22.4 billion, while energy and mining revenue jumped nearly fourfold to Dh19.3 billion. For the third quarter, IHC's net profit fell by about 30 percent annually to Dh3.25 billion, while revenue climbed nearly 31 percent to Dh35.6 billion. Chief executive Syed Shueb attributed the growth to the expanding scale of IHC's operating businesses and its international investment platform. The company, with a market capitalization of over Dh722 billion and more than 1,300 subsidiaries, has been rapidly growing through acquisitions and portfolio expansion in the UAE and internationally. IHC's revenue growth reflects these trends.",
  "summary": "Abu Dhabi’s International Holding Company more than doubled its net profit in the first nine months of 2026, driven by a surge in investment income. Net profit attributable to owners of the company in the period ended September 30 jumped 109 per cent year-on-year to nearly Dh21.2 billion ($5.77 billion), IHC said in a Thursday filing to the Abu Dhabi Securities Exchange , where its shares trade.…",
  "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."
}