Malek Salama – Mubasher: The share of International Holding Company increased during mid-trading today, Wednesday, in conjunction with its efforts to acquire a stake in a Colombian company.
By 1:30 pm UAE time, the “Al-Alameya Holding” share rose by 0.31 percent, to a price of 360 dirhams.
A trading volume of 800,423 million shares, valued at 292.649 million dirhams, was recorded.
International Holdings announced today that its subsidiary IHC Capital Holding Company submitted today an application to the Colombian Financial Supervisory Authority for a permit to launch a tender offer to acquire between 25% and 31.25% of the common shares of the company. Grupo Nutresa SA At $15.00 per share, in accordance with laws and regulations.
It is noteworthy that “International Holding” decided on September 19, to acquire a 15% stake in Burjeel Holding Pvt Ltd., which is referred to as Burjeel Group, through one of its subsidiaries.
On June 21, International Holdings announced a decision to increase investment in SpaceX through its subsidiary IHC West Investments, at a value of $25 million, equivalent to 91 million dirhams.
It is noteworthy that the company’s profits rose 20 percent during the first quarter of this year.
The company’s profits during the mentioned period amounted to 1.6 billion dirhams, compared to profits of 1.332 billion dirhams achieved during the same period in 2021.
Revenues increased by 361% compared to revenues for the same period of the previous year, as a result of strategic acquisitions and an increase in the number of subsidiaries by 196% to reach 323 companies, compared to 109 companies during the first quarter of the previous year.
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