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In a significant development, International Holding Company (IHC) has announced the completion of a crucial milestone. This marks a step forward in IHC’s plans to expand its subsidiary, Sirius International Holding, which is one of the company’s key subsidiaries listed on the Abu Dhabi Securities Exchange (ADX).

According to a statement, IHC views the transfer of four entities as a strategic move that will enhance its focus on future growth. The transfer will also facilitate disciplined asset allocation, aligning with IHC’s strategic plan to promote the expansion of Sirius International Holding. Syed Basar Shueb, the CEO of IHC, expressed his confidence in this move and emphasized the company’s commitment to achieve its long-term goals.

The newly formed Sirius holding company aims to leverage industrial and technological solutions to combat carbon emissions. It will focus on initiatives such as de-carbonization, methane capture and reduction, and investments in clean energy efficiency, as well as water recovery and efficiency.

IHC has a well-established reputation for consolidating investments in core focus areas, whether it be real estate or, in this case, sustainability. The company’s model centers around identifying and nurturing potential growth avenues to create sustainable value for its stakeholders.

It is worth noting that IHC boasts an extensive portfolio, consisting of more than 444 subsidiaries. This diverse range of businesses brings together a workforce of 126,000 individuals, highlighting IHC’s substantial presence in various sectors.

With this latest development, IHC reaffirms its commitment to driving sustainable growth and further solidifying its position in the market. The completion of this milestone sets the stage for continued success in the pursuit of IHC’s strategic objectives.