ABU DHABI, Jan 11, 2026, 00:33 GST — Market closed
- IHC shares ended Friday just 0.03% higher, closing at 399.60 dirhams
- Company issued a warning about phishing emails targeting bank and card details
- As trading resumes Monday, investors are parsing U.S. jobs figures and what they signal for Fed rate moves
Shares of International Holding Company PJSC edged up 0.03% on Friday, finishing at 399.60 dirhams, according to data from StockAnalysis.com. The Abu Dhabi-based conglomerate had recently issued a warning about phishing emails impersonating the company. (StockAnalysis)
The Abu Dhabi Securities Exchange remains closed for the weekend, reopening Monday morning. This pause is significant for IHC, a major player on the exchange, since offshore macro moves often impact Gulf stocks right at the open. (Emirates NBD Securities)
U.S. job growth slowed more than anticipated in December, with the unemployment rate slipping to 4.4%, according to a Reuters report on Friday. This data bolsters expectations that the Federal Reserve will keep interest rates unchanged this month. Gulf markets closely follow changes in Fed rate expectations, as most regional currencies—including the UAE dirham—are pegged to the dollar.
In its phishing alert, IHC warned that fraudsters are exploiting the company’s name, employee identities, and logo to promote fake investment offers and tenders online. They’re also fishing for personal and business info, plus credit card or bank details. The company stressed that all legitimate messages “will always come” from an “@ihcuae.com” domain and urged people to double-check the sender’s email address.
At 7:00 a.m. local time Friday, the disclaimer appeared as an exchange disclosure, per the ADX announcements feed on Mubasher.
IHC edged up slightly during a weaker day for the broader market. Abu Dhabi’s main index fell 0.3% on Friday, Reuters reported, with investors cautious ahead of the U.S. jobs data, despite oil prices climbing amid supply concerns.
Following the payrolls report, global stocks rose and the dollar gained ground, according to a Reuters markets wrap-up. In a Reuters “Market Talk” segment, Alexander Morris, CEO and chief investment officer at F/m Investments, remarked that the data was “just not bad enough” to justify a rate cut in January.
IHC’s market value hovers around 873.8 billion dirhams, according to data from StockAnalysis.com. Shares currently trade near the low end of their 52-week range, between 399 and 411 dirhams, per Investing.com. That leaves limited downside before the stock hits new lows. (StockAnalysis)
In November, CEO Syed Basar Shueb told Reuters the company plans to shed $20 billion to $25 billion in non-strategic minority stakes within 18 months. He said they’re already “at an advanced stage” with at least two divestments, with one deal expected to close in early 2026. Investors remain keen to see those talks turn into actual transactions. (Reuters)
The scam warning alone rarely shifts valuations significantly. The bigger threat Monday comes from the macro side: rising U.S. yields could weigh on Gulf equities, especially given the thin trading early in the week.
Trading on ADX kicks off at 10:00 a.m. GST Monday. IHC shareholders will be watching closely for any new updates from the company, alongside shifts in local interest rates and risk sentiment in response to recent U.S. economic figures. (Emirates NBD Securities)
