International Holding Company reported Q1 2026 net profit of AED 8.8 billion, up 98% year-on-year, driven by stronger revenues and margin expansion across its diversified portfolio.
Revenue climbed 33% to AED 31 billion, with energy, mining, hospitality and leisure delivering major contributions. Hospitality and leisure earnings doubled versus the same period last year.
Assets under management rose to AED 445 billion from AED 429 billion at end-2025, while cash and bank balances reached AED 75 billion.
Selling, general and administrative expenses increased 69% year-on-year to AED 3.4 billion.
IHC previously exited its 42.54% stake in Modon Holding as part of portfolio diversification efforts.
Gulf Economist Staff Writer