Abu Dhabi’s International Holding Company to list three subsidiaries on ADX Second Market

Abu Dhabi’s International Holding Company to list three subsidiaries on ADX Second Market

Three subsidiaries of Abu Dhabi Securities Exchange (ADX)-listed International Holding Company (IHC) will be listed on the exchange’s Second Market in Q2 2021. The three subsidiaries are: real estate company Emirates Stallion Group, Al Seer Marine and a third yet unnamed company. Emirates Stallion Group (ESG) is one of IHC’s subsidiaries and has a diversified portfolio of businesses across engineering and construction, development and management of real estate. Since its inception in 2006, ESG has grown to become the region’s only all-encompassing real estate partner. It is home to 5 fully owned subsidiaries, 90+ operational sites, 12 marketplace presence and 4 associates and joint ventures. The subsidiaries include Century Real Estate, Royal Development Company, Abu Dhabi Land General Contracting, Gulf Dunes Landscaping and Agricultural services and RAPM Architect Project Management. The company has assets of Dhs394m as of the end of 2020 and over 1,000 employees, reported state-run news agency WAM. Al Seer Marine meanwhile is an organisation with an all-encompassing portfolio of products and services. The company engages in multiple marine sectors such as high-tech boatbuilding, unmanned systems development and manufacturing, Al Seer Marine Training Institute (ASMTI) for product training, maintenance and support services, supply logistics, 24×7 yacht management