Daily Archives: February 27, 2024

Technologies

AI Advisor Takes Observer Seat on the Board of UAE’s Largest Publicly Traded Entity

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AI Advisor Takes Observer Seat on the Board of UAE’s Largest Publicly Traded Entity

Tahnoon bin Zayed Al Nahyan:  “Our decision to appoint ‘Aiden Insight’ as an AI Board Observer is a testament to IHC’s commitment to innovation and forward-thinking leadership. ‘Aiden’ will provide us with unparalleled data analysis and strategic insights, ensuring that IHC remains at the forefront of industry developments and continues to deliver value to our stakeholders”

  • IHC pioneers corporate governance by integrating Aiden’s AI insights as a Board Observer into its strategic decision-making process.
  • ‘Aiden Insight’ will leverage advanced data analytics to provide actionable insights and risk assessments, enhancing the Board’s oversight and foresight.
  • Powered by G42, in collaboration with Microsoft, Aiden’s Observer role is set to streamline efficiency, foster innovation, and reinforce ethical standards within IHC’s governance framework.
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Business & Investments

IHC Unveils Resounding 2023 Financial Results

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IHC Unveils Resounding 2023 Financial Results Demonstrating Strong Growth and Operational Excellence

Tahnoon bin Zayed Al Nahyan: “IHC has navigated a year of transformative growth, strengthened by forging key global partnerships and a versatile portfolio that has enabled us to adapt to economic fluctuations. Our efforts to deepen international connections underscore our mission to support the UAE’s ascent as a premier financial and innovation leader.

  • Record Revenue climbing to AED 60.1 billion with strategic acquisitions and performance driving a preliminary 17.9% YoY increase.
  • Growth of EPS to AED 12.55, indicating robust financial health and investor confidence.
  • Strong net profit at AED 32.95 billion.

Abu Dhabi, UAE; 26 February 2024: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate has announced its Financial Results for the year ended December 31, 2023, showcasing a remarkable year of transformational growth, operational excellence, achievements in sustainability, and stellar financial performance.

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