IHC was established in 1998 to help diversify and develop the non-oil commercial sectors in the U.A.E. Its investments span eight sectors: real estate, agriculture, healthcare, food and beverage, utilities, industries, IT and communications, retail, and leisure and capital. During 2021, the company acquired 60% of the Afkar Financial and property Investment Company and 41% of the NRTC Holding Company. Through its subsidiaries, it also acquired the Apex National Investment Company, the Central Tents Company, and Boudoir Interiors. By the end of 2021, the company had 302 subsidiaries.