Dubai, Jan 25, 2026, 23:10 GST — Market closed
- International Holding Company PJSC (IHC) closed near 399.6 dirhams, essentially flat for the day
- IHC announced two new partnerships at Davos, focusing on free-zone developments and Global Citizen initiatives
- ADX reopens Monday as investors await follow-through and new disclosures
International Holding Company PJSC (IHC.AD) shares edged up 0.03% to 399.6 UAE dirhams, hovering just below the 400 level following two announcements at Davos. The firm’s market cap was around 876.5 billion dirhams. According to TradingView, its trailing price-to-earnings ratio sits at 57.7. 1
The Abu Dhabi Securities Exchange remains closed over the Saturday-Sunday weekend and will reopen Monday. Trading runs Monday through Friday, with the main session ending mid-afternoon local time. 2
Investors were left to digest Friday’s mood. Abu Dhabi’s main index dipped 0.2% on Jan. 23, pressured by fresh geopolitical jitters in the region. At the same time, oil prices climbed, Reuters reported. 3
IHC and the International Free Zone Authority AG (IFZA) announced a strategic partnership at the World Economic Forum Annual Meeting 2026 in Davos. The deal targets developing free zone and special economic zone projects—areas known for tax or regulatory perks to lure business. IFZA chairman Martin G. Pedersen described the move as “about building the right infrastructure, in the right markets, with the right partners.” IHC CEO Syed Basar Shueb emphasized the group’s focus on “practical execution.” 4
At Davos, a separate multi-year partnership with anti-poverty group Global Citizen was unveiled, with IHC supporting programming and advocacy efforts, especially across the UAE and Middle East. “Ending extreme poverty requires sustained collaboration across sectors and borders,” said Global Citizen CEO Hugh Evans. Shueb added that business holds “a responsibility” to back long-term progress. The groups plan to reveal more details at an Abu Dhabi event this spring. 5
Trading in IHC remained narrow, with the latest local figures showing the stock fluctuating between 399.50 and 399.60 dirhams. Around 268,987 shares changed hands, generating a turnover close to 107.46 million dirhams. 6
This week matters because IHC is large enough that even minor price moves can sway the market. The Davos headlines hit right at the core issue investors watch closely: what actually converts into cash flow versus what remains a distant goal.
But there’s a clear catch. The announcements outlined broad direction, not concrete figures, leaving plenty of space for delays, political hurdles, and execution risks. If tensions flare up again in the Gulf—whether due to geopolitics or oil prices—these pricey, heavyweight stocks could fall silent just as quickly.
Monday’s open marks the first real test. Traders are eyeing any fresh disclosures from IHC post-Davos and whether the stock can push beyond the tight range it’s been stuck in.
