Dubai-based investment management firm, International Holdings Corporation (IHC), has listed three of its subsidiaries on the Abu Dhabi Exchange (ADX).
The three companies, sports education programme provider Palms Sport, fresh consumables retailer Zee Stores and motorcycle rental company Easy Lease, will list on ADX’s secondary market on December 21, 23 and 27 respectively.
"By listing on the ADX’s Second Market, these ambitious companies are offering investors an exceptional opportunity to participate directly in the early to mid-stage growth phase of their corporate development,” said Syed Basar Shueb, managing director and chief executive of IHC.
While IHC has a number of global companies within its portfolio, many of its fastest growing assets are UAE-based companies that have benefitted from shifting consumer and investment trends in the country, said Shueb.
IHC has also looked to expand its portfolio to cover more tech-led sectors. In the second half of 2020, IHC and its subsidiaries have invested in Falcon CI IV LP, a fund that owns a stake in aerospace company SpaceX as well as Oxford Nanopore, a high-tech UK SME with a Covid-19 testing product.
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