Daily Archives: May 7, 2026

Business & Investments

IHC Q1 2026 Results: Revenue Up 33.2% and Profit Nearly Doubles

IHC Sustains Growth Momentum in Q1 2026  with AED 31.4 Billion Revenue and Net Profit Nearly Doubling to AED 8.2 Billion

Syed Basar Shueb, CEO of IHC, commented: “Q1 2026 marks a strong start to the year, reflecting the continued execution of our strategy to scale high-performing platforms and optimise capital allocation across the portfolio. Our performance demonstrates the strength of our diversified model, with broad-based growth, margin expansion, and a significant uplift in profitability. We continue to recycle capital into high-conviction opportunities, expand our global footprint, and transform our platforms into globally competitive businesses. With a disciplined approach and strong liquidity, we are well-positioned to sustain momentum and deliver long-term shareholder value.”

Syed Basar Shueb, CEO of IHC

Abu Dhabi, UAE – 6 May 2026: IHC, a global investment company focused on building dynamic value networks, today announced its financial results for the first quarter of 2026. The Group reported Revenue of AED 31.4 billion, up 33.2% year-on-year, and Profit After Tax of AED 8.2 billion, an increase of 98.5%, driven by strong operating performance, investment income, and disciplined execution across the portfolio. 

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Business & Investments

Fujairah I IWP Project: Major Desalination Initiative in UAE

Abu Dhabi, UAE – 05 May 2026: The development and investment arm of Etihad Water and Electricity (EtihadWE) has signed an Engineering, Procurement and Construction (EPC) agreement with NMDC Infra and Lantania Aguas for the Fujairah I Independent Water Producer (IWP) project, a 60 million imperial gallons per day (MIGD) seawater reverse osmosis (SWRO) desalination plant, with a total investment value of AED 1.046 billion.

The signing ceremony was held at the Make It In the Emirates exhibition.

The agreement was signed by Eng. Mohammed Al Shehhi, Chief Executive Officer of the development and investment arm; Haris Giatsos, Chief Executive Officer of NMDC Infra; and Pedro Almagro, Chief Executive Officer of Lantania Aguas. It was witnessed by Eng. Yousif Ahmed Al Ali, Chief Executive Officer of EtihadWE and Chairman of the development company, and Dr. Yasser Zaghloul, Group Chief Executive Officer of NMDC Group.

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