International Holding Company (IHC) has taken a further 17 percent stake in Abu Dhabi-listed Invictus Investment Company for nearly AED420 million ($114 millionInternational Holding Company (IHC) has taken a further 17 percent stake in Abu Dhabi-listed Invictus Investment Company for nearly AED420 million ($114 million

IHC pays $114m to raise stake in Invictus Investment

2025/12/15 12:02

International Holding Company (IHC) has taken a further 17 percent stake in Abu Dhabi-listed Invictus Investment Company for nearly AED420 million ($114 million).

The transaction has increased IHC’s shareholding in Invictus, an agro-food commodities trader, to 40 percent, IHC said in a statement to the Abu Dhabi Securities Exchange.

“This investment reinforces IHC’s commitment to supporting high-performing businesses that deliver resilience, innovation, and value across global markets,” IHC chief executive Syed Basar Shueb said.

The share purchase was executed through a block trade of 196 million shares from Invictus Holding Limited, a majority shareholder.

In November IHC said revenues surged 32 percent year on year to AED84.6 billion, while net profit rose 8 percent annually to AED19.5 billion in the first nine months of 2025.

Further reading:

  • IHC earnings given lift by hospitality and real estate
  • IHC plans to exit minority investments worth up to $25bn
  • Multiply signs share-swap deal to acquire IHC units

IHC’s share price rose marginally to AED399.60 on Friday but is down nearly 1 percent since the start of the year.

In the first half of 2025, Invictus Investment said revenue rose 43 percent year on year to AED6.1 billion, while net profit was up 4 percent at AED 87.5 million.  

Invictus shares ended 1.4 percent higher at AED2.16 on Friday but are down 2 percent year-to-date.

Market Opportunity
Agro Global Token V2 Logo
Agro Global Token V2 Price(AGRO)
$0.0002146
$0.0002146$0.0002146
+0.65%
USD
Agro Global Token V2 (AGRO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Social engineering kost crypto miljarden in 2025

Social engineering kost crypto miljarden in 2025

De grootste dreiging voor crypto zit niet altijd in bugs of fouten in de code. Vaak gaat het fout bij mensen zelf. Nieuwe cijfers over 2025 laten zien hoe misleiding
Share
Coinstats2025/12/26 03:01
Christmas Stocking Stuffers? Don't Ignore These Bitcoin Mining Stocks That Gave Impressive Returns In 2025

Christmas Stocking Stuffers? Don't Ignore These Bitcoin Mining Stocks That Gave Impressive Returns In 2025

Christmas brings cheer, cakes and cozy vibes, but it can also be a perfect time for kicking off investments you may not have considered before.read more
Share
Coinstats2025/12/26 03:01
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37