Page 413 - MOE ENGLISH PR REPORT - AUGUST 2024

investment, and build economic partnerships that drive sustainable growth across various
sectors.

“Rorix Holdings will be instrumental in shaping the future of international trade, reinforcing the
UAE’s pivotal role in the global economy, and supporting the nation’s vision for comprehensive
and inclusive economic progress.”

Syed Basar Shueb, CEO of IHC, emphasised the significance of Dr Al Zeyoudi’s leadership for
the newly established company.

He said: “Dr Thani’s leadership will be invaluable as the company embarks on its journey to
empower businesses of all sizes to thrive in the international marketplace.
“With the UAE’s comprehensive economic partnership agreement (CEPA) strategy, Rorix
Holdings is set to leverage cutting-edge technologies and comprehensive trade solutions to
facilitate seamless cross-border trade.”
The company’s initiatives are expected to significantly contribute to the UAE’s economic
ambitions and reinforce its role as a global trade hub.

In other news, IHC recently reported its H1 results, with revenue surging to Dhs41.7bn, a 46 per
cent increase versus H1 2023.

Revenues were driven particularly by sustained growth in the real estate and construction,
marine and dredging, hospitality and leisure, and technology segments, reflecting the depth of
IHC’s expanding asset portfolio and the effectiveness of its operational strategies.

https://gulfbusiness.com/dr-thani-al-zeyoudi-to-head-ihcs-rorix-holdings/