Abu Dhabi's IHC reports six-fold rise in 2020 net profit on acquisitions
The company, which is majority owned by Abu Dhabi's PAL Group of Companies, has steadily expanded its portfolio by acquiring businesses in emerging technologies, real estate and health care among others. It has acquired a stake in California-based aerospace company SpaceX through a private equity fund, and has invested in UK-based DNA sequencing firm Oxford Nanopore technologies and New York digital marketing company Yieldmo. IHC's healthcare arm, which owns Quantlase Imaging La – the company behind the rapid Covid-19 screening system operated on the border between Abu Dhabi and Dubai at G...
Source: thenationalnews.com