Abu Dhabi – Mubasher: International Holdings Company (IHC) will sell its 100% subsidiary, Trust International Group, in exchange for AED 350 million.
This step is part of the company's strategy to enhance its portfolio through acquisitions, strategic investments, restructuring, consolidation, diversification, and divesting, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday.
It is noteworthy to mention that in 2020, the financial results of IHC showed AED 3.02 billion net profits, up from AED 505.6 million in 2019.
