Business Chief ME+AFRICA January 2024 | Page 37

TOP 1O

INTERNATIONAL

HOLDING COMPANY ( IHC )
Revenue : US $ 13.9 billion Employees : 85,000 CEO : Syed Baser Shueb Founded : 1998
The leading seafood exporter in the region , after listing on the ADX in 2005 , IHC grew via strategic acquisitions and diversification into the Arab world ’ s fourth-most valuable company with a market cap of US $ 238.8 billion .
The multi-sector conglomerate ’ s accelerated climb to the top has been nothing short of staggering – with annual net profits surging 181 % in 2022 to record numbers and the workforce soaring from 40 in 2019 to 85,000 today .
Majority-owned by a group headed by Sheikh Tahnoun bin Zayed Al Nayan , the UAE ’ s national security adviser , IHC has a diverse portfolio ranging from utilities to food , energy to entertainment , agriculture to IT , and retail to real estate – and has listed eight subsidiaries , including Palms Sports , Ghitha and Easylease .
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