Abu Dhabi, Jan 19, 2026, 00:54 GST — Premarket
- IHC ended at 399.6 dirhams, holding steady following a week of narrow price swings
- The company issued a warning that scammers are exploiting its name and logo to promote fraudulent online “investment opportunities” and tenders
- Traders in Abu Dhabi are focused on oil prices and any new announcements as the market prepares to reopen later Monday
International Holding Company PJSC is alerting investors to online scammers misusing its name and logo, as the Abu Dhabi-listed giant enters Monday’s session with shares hovering near 400 dirhams.
The warning comes at a tricky moment for the share price. IHC, a key indicator in Abu Dhabi, has been hovering close to the low end of its 52-week range, making traders jittery over any news that could sway retail flows and confidence.
The situation also exposes a basic risk for markets that attract both global and local capital simultaneously: fake “tenders” and investment offers can circulate faster than any clarifications, even if the core business remains stable.
In a January 16 disclosure, IHC warned that scammers have been exploiting the company’s name, employee identities, and logo to promote fake “investment opportunities and tenders” online, aiming to extract personal and banking information. The company stressed that all legitimate communications will come from an ‘@ihcuae.com’ email address and clarified it never asks for payments or personal details in connection with these offers.
IHC shares ended Friday just 0.03% higher at 399.6 dirhams, with roughly 247,986 shares changing hands. The stock has been stuck in a tight range lately, oscillating between 399.5 and 399.6 without much movement.
Sentiment headed into the weekend showed strength. Abu Dhabi’s main index gained 0.7% on Friday, buoyed by a 1.22% rise in oil prices to $64.54 a barrel, Reuters reported. Shares in ADNOC Gas and Aldar Properties pushed higher amid the rally.
ADX operates Monday through Friday, opening at 10:00 a.m. and closing at 2:45 p.m. local time. This means IHC’s upcoming price test falls within today’s regular session.
IHC’s massive scale guarantees it attention, even on days without price action. One data source valued the company at roughly 873.8 billion dirhams as of Jan. 16.
There’s a downside risk, though it’s tough to quantify precisely: the scam warning isn’t an earnings report, but it could rattle sentiment. If it sparks chatter around investor outreach or raises caution in a stock that sees light daily volume, the impact could be notable.
Bigger catalysts are still on the horizon. In November, CEO Syed Basar Shueb told Reuters the group intends to divest $20 billion to $25 billion of non-strategic minority stakes over roughly 18 months, with at least one sale slated for early 2026.
Traders are zeroed in on two main factors: if IHC can break out of its narrow range once cash equity trading restarts, and whether oil’s trend continues to back Abu Dhabi’s overall risk sentiment as the new week begins.
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