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11/19/24, 1:18 PM UAE-listed stocks surpass $1trn milestone for the first time: Report - Arabian Business: Latest News on the Middle East, Real Esta…
Shares of IHC have risen nearly 42,000 per cent since 2019, making it the second-most
valued company in the entire Gulf region, after Saudi Aramco.
As per the Abu Dhabi Stock Exchange, IHC is 88 per cent owned by UAE nationals, and
controlled by the UAE royals.
The IHC has also invested in three Adani companies — Adani Green Energy, Adani Energy
Solutions and Adani Enterprises.
The International Holding Company has also announced a $1.36 billion share buyback,
starting with an initial tranche that’s 36 per cent of the total size, starting November 18.
The country’s stock market is also part of the MSCI Emerging Markets Index with a 1.2 per
cent weightage in the index, the report said.
https://www.arabianbusiness.com/markets/uae-listed-stocks-surpass-1trn-milestone-for-the-first-time-report 3/3
