THE MIDDLE EAST’S

International Holding Company (IHC) - Syed Basar Shueb

2. International Holding Company (IHC)

Country: U.A.E.
Sector: Investments
CEO & Managing Director: Syed Basar Shueb
Market Value: $239.9 billion
Sales: $25.2 billion
Profits: $7 billion
Assets: $109.4 billion

International Holding Company (IHC) today manages a portfolio of over 1,300 subsidiaries and 86 joint ventures and associates across more than 41 countries, with investments spanning asset management, healthcare, real estate, financial services, and IT. In August 2024, NMDC Energy, which is wholly owned by NMDC Group, a subsidiary of IHC via Alpha Dhabi Holding, launched an ADX IPO for 1.15 billion shares, raising $876.8 million. In April 2025, IHC, ADQ, and FAB announced plans to launch a Dirham-backed stablecoin. In May 2025, IHC announced its plans to launch an AI-driven reinsurance platform in ADGM, Reinsurance Intelligence Quotient (RIQ), with strategic partners BlackRock and Lunate, backed by over $1 billion in initial equity commitments, targeting $10 billion in liabilities.