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IHC's industrials vertical owns stakes in a number of businesses, including Quantlase Imaging Lab, the company behind the rapid Covid-19 screening system operated on the border between Abu Dhabi and Dubai at Ghantoot. It also owns Tamouh Healthcare, Pure Health and asset management company Eltizam Group. The capital unit contains its International Securities arm, a securities brokerage acquired from Dubai-listed investment bank Shuaa in 2019. IHC's acquisition spree over the past 12 months has led to substantial growth in the size of the company's balance sheet and its value. At the end of Ma...

Reforms, new rules to spur rebound in UAE IPO action issacjohn@khaleejtimes.com Filed on February 28, 2021 Equity markets in the Mena region experienced high volatility and average daily trading values increased significantly across the main exchanges. (AFP) Several new initiatives were launched in UAE with aim of bolstering activity in years ahead After a fall of 40 per cent in initial public offering (IPO) issuances across the Middle East and North Africa region in 2020, the UAE is expected to witness a rebound in IPO activity in the coming years on the back of sweeping reforms,...

SHARE Abu Dhabi Securities Exchange (ADX) is reducing transaction fees on all trading activities from next week as part of its plan to double the market capitalisation of companies listed on the exchange within the next three years. Under the initiative, fees of all transactions that occur on ADX will be reduced to 0.175 per cent, from 0.225 per cent, the Abu Dhabi Securities Exchange said in a statement on Saturday. “Reducing overall transaction costs for trading on the exchange is one of many initiatives we are undertaking to achieve our strategy of attracting new liquidity sources and ma...

The UAE market experienced much turbulence in 2020… and yet it was a year that witnessed several acquisitions and consolidation plays. On a macro level, the market has reached a recovery phase, with Abu Dhabi Securities Exchange recording a weekly growth of 6.54 per cent and Dubai Financial Markets by 1.23 per cent for the week ending January 21. The holding company IHC, established in 1999, generated strong revenues in the third quarter, and had a market value of Dh71.05 billion. Its stock surged approximately 622 per cent last year and outperformed the ADX General Index by quite a distanc...