Abu Dhabi Boosts Investing Heft With $237 Billion Financial Firm
International Holding Co. is creating a new financial-services holding company that will oversee about 870 billion dirhams ($237 billion) in assets, the latest consolidation move by Abu Dhabi’s biggest listed firm.
The new entity, Judan Financial, will combine businesses spanning banking, insurance, asset management, alternative investments and financial technology, IHC said in a statement Friday. They include asset managers Chimera Investment and the $115 billion Lunate Capital as well as brokerage International Securities.