Stalled Stock
Abu Dhabi’s IHC seeks to reward investors after surge putters out
The $240 billion conglomerate is planning a $1.4 billion buyback two years after the shares rocketed by 43,000%
The Abu Dhabi Securities Exchange's ADX logo is seen on a smartphone. (Photo: Getty Images)
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International Holding Co., the $240 billion conglomerate that grew out of an obscure Emirati fish farming business, is seeking to reward shareholders as the company’s phenomenal growth spurt has stalled.
The Abu Dhabi-based firm, led by Sheikh Tahnoon...