Monday , 27 March 2023
Home Uncategorized Abu Dhabi-based International Holding Company (IHC) has acquired 15% stake in Burjeel Holdings
Uncategorized

Abu Dhabi-based International Holding Company (IHC) has acquired 15% stake in Burjeel Holdings

The company said, “Acquisition will help scale and diversify IHC’s investment in the healthcare sector locally and regionally.”

International Holding Company (IHC) is the United Arab Emirates’ largest company by market value and is led by Sheikh Tahnoon Bin Zayed Al Nahyan – the UAE’s National Security Adviser. IHC’s vision is ” To build a robust and diversified operating asset holding company through strategic acquisitions in growth-driven industries and the creation of innovative companies that add value and bring sustainable improvements to communities, businesses, and governments.”

Dr Shamsheer Vayalil, CEO, Burjeel Holdings said: “We are thrilled to join a solid organisation with such a broad and complementary set of capabilities. Having IHC onboard has a solid strategic rationale for us, as it  will have a transformative impact through the addition of new capabilities, capita, and access to new markets. This is an exciting time of growth for Burjeel Holdings.”

“Having IHC onboard has a solid strategic rationale for us, as it will have a transformative impact through the addition of new capabilities, capital, and access to new markets.”

Syed Basar Shueb has been CEO, Managing Director and a member of the Board of Directors of IHC since July, 2019. Basar is known to be a decisive and pragmatic leader, and for his skill in creating and nurturing cohesive and focused business units that grow profitable bottom lines.

He has played an integral part in IHC being in the top 10 performers of Abu Dhabi Bourse listed companies.

He said: “We continue to see a tremendous opportunity to invest in mission-driven organisations like Burjeel Holdings. We are very pleased with Burjeel’s progress in expanding its market positions beyond the UAE. Undoubtedly, this new acquisition will add great value to our strong growth platform.”

Burjeel Holdings was founded in 2007 and it is among the leading private healthcare services provider in the UAE, with a growing presence in the GCC.

Leave a comment

Leave a Reply

Recent Posts

Video: 100 Teslas put on a light show to celebrate the Oscar winning song ‘Naatu Naatu’

The infectious beats of “Naatu Naatu” have taken the world by storm, inspiring people everywhere to dance along with Ram Charan and Jr...

Hera Pheri 3: Sanjay Dutt joins the comedy riot, Suniel Shetty confirms

The hype is real in the world of Indian cinema as the much-awaited third instalment of ‘Hera Pheri’ gears up to hit the...

Indian Actress Rakhi Sawant Launches Acting Academy in Dubai

In the midst of a legal battle with her husband, Adil Khan Durrani, Rakhi Sawant has taken a step forward in her professional...

When will Brahmastra 2 hit screens? Ranbir Kapoor reveals

The charismatic Ranbir Kapoor, the apple of Bollywood’s eye, is once again making headlines with his impending blockbuster movie projects. The talented actor...

Things To Do

Things To Do

This Restaurant In UAE Transports You To The Lanes Of Zanzibar

Want to visit Africa but are short on budget? If yes, what if we tell you that you can enjoy the flavours and...

Fontana Show
Things To Do

Spectacular Aquatic Circus, Fontana To Soon Come In Abu Dhabi

The Middle East is known for tons of unique things, and one must be the travelling water circus- Fontana Show. Touted to be...

Things To Do

You can now Enjoy an adventurous Brunch with leopards in the UAE

Dining in the desert, dining under the stars, dining in the dark- the UAE has it all! But, here’s something that will take...

FoodRamadanThings To Do

5 Ramadan Iftar Deals To Avail In Dubai Under AED200

The holy month of Ramadan is expected to begin on Thursday, March 23; however, the final dates will be confirmed with an official...

Related Articles

Celebrate Women’s Day With These 5 Bollywood Movies

From Abla Naari to empowered individuals, the Hindi film industry has come...

From earth to space: hh sheikh mohammad holds call with Sultan Al Neyadi

UAE astronaut Sultan Al Neyadi, is scheduled to deliver a virtual speech...

Sheikh Hamdan has announced the birth of his third child in Dubai

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of...

Dubai’s iconic Lebanese bakery has closed down & we’re gona miss it big time

Al Reef bakery is one spot that brings back loads of childhood...

%d bloggers like this: