The Company diversified its operations by acquiring three land parcels, totalling 19,246 sq mt.
The Group took another step in its evolution and acquired the Abu Dhabi Land (ADL) group through a share swap. ADL is a general construction business, in addition to designing and building services for landscape, irrigation, construction, maintenance and labor accommodation. Asmak increased its share capital from AED 300 mn to AED 510 mn.
The business model was diversified with an emphasis on adding wholesale operations, brand ownership, and value added products to the fishery business.
Intending to build upon the solid foundations that had been laid, IHC grew its numerous
businesses in 2019 through strategic acquisitions and diversification of its portfolio,
remaining focused on increasing revenue and profit to generate greater shareholder value.
Most notably, to embrace these strategic decisions and improve operations, IHC restructured
the Holding into six industry verticals, namely IHC Food, IHC Utilities, IHC Real Estate, IHC
Digital, IHC Industrial and IHC Capital.
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